Mexico's Walmex reaches deal to sell Suburbia for 15.7 bln pesos
MEXICO CITY Aug 10 (Reuters) - Mexico's Walmex said on Wednesday that it has reached a final deal to sell retailer Suburbia to department store chain Liverpool for 15.7 billion pesos ($852.74 million).
Walmex said in a statement that an additional 3.3 billion pesos ($179.24 million) of dividends and reduced capital would be paid after the deal closes, which is subject to regulatory approval.
($1 = 18.4112 Mexican pesos) (Reporting by David Alire Garcia)
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