Mexico's Soriana says to raise capital and sell assets
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)
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