Mexico's Walmex reaches deal to sell Suburbia for 15.7 bln pesos

miércoles 10 de agosto de 2016 17:35 GYT
 

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)