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Walmart's Brazilian Blunder Comes to an End With Advent Deal

Walmart's Brazilian Blunder Comes to an End With Advent Deal

Brazil’s national anthem hails the country as “an intense dream.” For Walmart Inc., Brazil has been more of a nightmare. Walmart will retain a 20 percent stake in the business after the deal, which will result in a $4.5 billion non-cash net loss in the quarter. The long-rumored sale is the latest move by Walmart to reshape its global footprint, following deals in the U.K. and India.