Wal-Mart Eyes Central America

July 8, 2005

U.S. retail giant Wal-Mart is negotiatingto buy Dutch company Royal Ahold’sshares in the Central American RetailHolding Company (CARHCO), the businessalliance that comprises more than350 retail and grocery stores in CentralAmerica.According to the daily La República,Wal-Mart, which had $256 billion in salesin 2004, will buy Royal Ahold’s sharesfor between $500-700 million if negotiationsare successful. The daily reportedthat two years after taking Royal Ahold’sthird of the shares, Wal-Mart wouldassume control of 70% of CARHCO.Royal Ahold is one of three companiesthat make up the alliance, the othertwo being Fragua, of Guatemala, andCorporación de Supermercados Unidos(CSU), of Costa Rica. CSU owns thechains Más X Menos, Hiper Más, MaxiBodega and La Union.Alliances with foreign firms areapparently a growing trend for CostaRican supermarket chains. TheColombian firm Supertiendas yDroguerías Olímpica bought 50% ofthe Costa Rican supermarket chainMegasuper for $20 million in earlyJune, according to the weekly ElFinanciero.

You may be interested

Download our High Season Print Edition here
The Tico Times
763 views
The Tico Times
763 views

Download our High Season Print Edition here

The Tico Times - December 17, 2017

Thanks to all the readers from around Costa Rica and the world who have written to ask how they can…

PHOTOS: Costa Rica’s Festival of Light
Holidays
2670 views
Holidays
2670 views

PHOTOS: Costa Rica’s Festival of Light

AFP - December 17, 2017

Costa Rica's traditional Festival de la Luz, a holiday parade through the heart of San José, filled the capital with…

Give green in Costa Rica: holiday gifts that will live on all year
Environment and Wildlife
1229 views
Environment and Wildlife
1229 views

Give green in Costa Rica: holiday gifts that will live on all year

Ed Bernhardt - December 16, 2017

A warm holiday greeting from the garden to all our readers. Another year has come to an end, and it’s…