Mexico's Comerci to sell 160 stores to Soriana for $2.7 bln

miércoles 28 de enero de 2015 23:24 GYT
 

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)