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Soriana buys Mexico’s Comerci for $2.7 billion

Thursday, January 29, 2015


 

Mexican supermarket chain Comercial Mexicana has agreed to sell most of its stores to its rival Soriana for $2.7 billion.

Comercial Mexicana, known locally as Comerci, said the sale of 160 stores, including the low-price Mega and Bodega Comercial Mexicana formats, will allow it to focus on its other brands where it sees greater growth opportunities.

Full story (in Spanish)