WAL-MART interest in Peru

Plenet Retail 26 Aug 2008

Wal-Mart is interested in investing in Peru, according to a report from the state news agency Andina, quoting Trade and Tourism Minister Mercedes Araoz. "We met with representatives of the Wal-Mart chain, and they told us that they want to invest in our retail sector," she was quoted as saying. "They didn't tell us when they would want to enter into Peru," she added. In a statement to Dow Jones, Wal-Mart said it had no concrete plans to enter Latin American countries. But the company added that it sees "opportunities to grow our sourcing relationships" in Peru.

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