Wal-Mart Looks To Expand Consumer Base With Chile/Peru Acquisition

Distribucion y Servicio (D&S), the Chilean unit of retail giant Wal-Mart, has offered to buy the 65% stake in local wholesale operator Alvi that it does not already own. D&S purchased a 35% stake in the business in 2005 and this attempt to gain full control is indicative of Wal-Mart's strategy for Latin America. Alvi operates 28 wholesale outlets in Chile and owns a 62% stake in Peruvian wholesale business Mayorsa Supermayoristas de Abarrotes, which has 12 stores in the outskirts of Lima.

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