May 19, 2017 / 10:34 PM / a year ago

Chile's Ripley, Mexico's Liverpool cancel merger -regulatory filing

SANTIAGO, May 19 (Reuters) - Chilean retailer Ripley said in a regulatory filing late Friday that its planned acquisition by Mexican high-end department store chain Liverpool has been scrapped.

“Ten months having passed since the announcement of the agreement, a series of geopolitical and economic changes in the countries and markets in which both parties operate have occurred, which brought this termination about,” the company said. (Reporting by Gram Slattery; editing by Diane Craft)

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