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dexprs

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Wednesday, 03/22/2017 12:35:59 PM

Wednesday, March 22, 2017 12:35:59 PM

Post# of 111544
SANTIAGO, March 22 (Reuters) - The Chilean unit of Wal-Mart Stores Inc(WMT) will invest $800 million in the country over the next three years and will open 55 to 60 new supermarkets, the company said in a press release on Wednesday.

"We are confident in the future potential of the country, and we are convinced that spaces exist to continue expanding our low-cost model," Walmart Chile general manager Horacio Barbeito said in a statement.

(Reporting by Gram Slattery; Editing by Chizu Nomiyama)
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