Radar > 221824

Soriana could finally acquire stores held by Comercial Mexicana for USD 3bn

Soriana podría comprar finalmente tiendas de Comercial Mexicana por USD 3.000m

Intel ID : 221824
Synopsis

Comercial Mexicana, a supermarket chain, is close to completing the sale of 160 stores to Tiendas Soriana, for approximately USD 3bn, equivalent to MXN 44bn. The agreement could be finalized at the end of January 2015, according to media sources.

However, Comercial Mexicana announced it is still in the process of analyzing strategic agreement alternatives, as announced on 17 January 2014.
(content in spanish)

La operadora de supermercados Comercial Mexicana está cerca de llegar a un acuerdo de venta con Tiendas Soriana para la adquisición de 160 tiendas por cerca de USD 3.000m, lo equivalente a unos MXN 44.000m. El acuerdo podría cerrarse a finales de enero de 2015, según diferentes medios de comunicación.

A pesar de ello, Comercial Mexicana comunicó que sigue en proceso de analizar alternativas estratégicas de acuerdo con los que informó el 17 de enero del 2014.

Relevant Documents


Intel ID 221824
Value EUR 2.562,35m (Approx.)
Native Currency US Dollar (USD)
Exchange Rate:
Financial Data - Controladora Comercial Mexicana - CCM
(31 Dec 2014)
Revenue: EUR 2.678,21m
Exchange Rate:
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Distribution and Retail (Primary)
Primary Sector (TTRSC)
15.05.08 Food & Beverage Retail
15 Consumer Products & Services / 15.05 Distribution & Retail

Secondary Sectors (TTRSC)
15.05.11 Multiline Retail (Department, Discount & Convenience Stores)
15 Consumer Products & Services / 15.05 Distribution & Retail

Country
Website
Description

Target

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Distribution and Retail (Primary)
Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  
-

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.