Radar > 231156

Tiendas Soriana in talks with potential buyers of Comercial Mexicana stores

Tiendas Soriana negocia con compradores potenciales de tiendas de Comercial Mexicana

Intel ID : 231156
Synopsis

Tiendas Soriana, a Monterrey, Mexico-based supermarket operator, is in talks with potential buyers of 12 Controladora Comercial Mexicana (CCM) (BMV:COMERCI) stores, reported El Financiero on 5 November, 2015, citing Soriana's director of strategic planning and communication, Rodrigo Benet.

The sale is driven by the condition imposed by Mexico's antitrust authority Comisión Federal de Competencia Económica (COFECE) on Tiendas Soriana's acquisition of CCM's commercial business in Mexico (see related transaction). Thus, Soriana will be able to close the transaction.

Benet noted Soriana received interest from different bidders seeking to acquire the stores, but added the divestment process won't begin until the closure of the acquisition of CCM's business, expected in early 2016.

Soriana plans to acquire those 12 stores as well and operate them normally, but it will have to divest them during 2016, explained Benet.
(content in spanish)

Tiendas Soriana, gestora de supermercados con sede en Monterrey, México, está en negociaciones con compradores potenciales de 12 tiendas de Controladora Comercial Mexicana (CCM) (BMV:COMERCI), ha publicado El Financiero el 5 de noviembre de 2015, citando al director de Planeación Estratégica y Comunicación de Soriana, Rodrigo Benet.

La venta está impulsada por la condición aplicada por la Comisión Federal de Competencia Económica (COFECE) a la adquisición de Tiendas Soriana del negocio comercial en México de CCM (ver transacción relacionada). De esta manera, Soriana podrá cerrar la transacción.

Benet ha explicado que Soriana ha recibido interés de diferentes postores para adquirir las tiendas, pero ha añadido que no comenzará el proceso de desinversión hasta concluir la adquisición del negocio de CCM, que sería a principios de 2016.

Soriana planea adquirir esas 12 tiendas también y operarlas normalmente, pero deberá desinvertirlas a lo largo de 2016, ha señalado Benet.

Intel ID 231156
Value ND
Native Currency Mexican Peso (MXN)
Exchange Rate:
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Target

Name
verified
Subsector (Old TTR Sectors)
Real Estate and Construction / Real Estate (Primary)
Primary Sector (TTRSC)
15.05.99 Other Distribution & Retail
15 Consumer Products & Services / 15.05 Distribution & Retail

Country
Description

Seller

Name
verified
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

Related Entity

Name
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.