Wal-Mart to invest $649 mln in Brazil next year http://www.reuters.com/article/companyNewsAndPR/idUSN2747198920071127
Tue Nov 27, 2007
BRASILIA, Nov 27 (Reuters) - The Brazilian unit of the world's biggest retailer, Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research), will invest 1.2 billion reais ($649 million) in Brazil, the company said on Tuesday. Wal-Mart will build 36 new outlets and a distribution center, said Vicente Trius, chief executive of the Brazilian unit. http://www.reuters.com/article/companyNewsAndPR/idUSN2747198920071127