Mexico's Soriana says to raise capital and sell assets

jueves 29 de enero de 2015 12:49 GYT
 

MEXICO CITY Jan 29 (Reuters) - Mexican supermarket chain Soriana said on Thursday it would look to raise between $500 million and $600 million in capital and sell assets after announcing it would buy most of its rival Comercial Mexicana.

The company will look to sell between $100 million and $120 million of assets, Chief Executive Ricardo Martin told a conference call.

The two companies said on Wednesday that Soriana would buy 160 stores from Comercial Mexicana for $2.66 billion. (Reporting by Gabriela Lopez and Christine Murray)