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India: Wal-Mart takes bigger bite out of wholesale venture

By  |  December 17, 2013

Global retail giant Wal-Mart has reportedly been cleared by the Competition Commission of India to acquire the rest of its joint venture with Bharti group, a partnership to operate wholesale stores in the nation.

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    Wal-Mart and Bharti first announced plans to end their joint venture last October; the CCI initially required certain conditions for the deal, but has ultimately decided that Wal-Mart’s full takeover of the venture would not harm competition.

    The operation currently owns 19 wholesale stores in India.

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