French retailer Carrefour (CARR.PA) is not in talks to sell its Brazil operations to Wal-Mart Stores Inc (WMT.N), and a press report claiming such negotiations were underway is false, a person close to the situation said on Tuesday. "These rumours are baseless," the source said. Earlier, newspaper Valor Economico reported that Wal-Mart, the world's biggest retailer, was in talks to purchase Carrefour's Brazil unit.
Wal-Mart Stores, Inc. (Walmart) operates retail stores. Shares of WMT traded higher by 1.18% or $0.5782/share to $49.50. In the past year, the shares have traded as low as $48.77 and as high as $57.90. On average, 11930100 shares of WMT exchange hands on a given day and today's volume is recorded at 1726693.
