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)