Mexico's Comerci to sell 160 stores to Soriana for $2.7 bln
MEXICO CITY Jan 28 (Reuters) - Mexican supermarket chain Comercial Mexicana has agreed to sell the business and operation of 160 stores to rival Soriana for 39.19 billion pesos ($2.66 billion).
Comercial Mexicana, known locally as Comerci, said that the sale of the stores, including the mass-market Mega and Bodega Comercial Mexicana formats, will allow it to focus on its other brands where it sees greater growth opportunities.
($1 = 14.7212 Mexican pesos) (Reporting by Christine Murray; Editing by Lisa Shumaker)
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