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 | ||
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Mexican Peso (MXN)
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Primary Sector (TTRSC) |
15.05.99 Other Distribution & Retail 15 Consumer Products & Services / 15.05 Distribution & Retail |
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15.05.08 Food & Beverage Retail 15 Consumer Products & Services / 15.05 Distribution & Retail |
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Secondary Sectors (TTRSC) |
15.05.11 Multiline Retail (Department, Discount & Convenience Stores) 15 Consumer Products & Services / 15.05 Distribution & Retail |
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Legend:
Verified: Confirmed as a party to an active or possible transaction.
Potential: Unconfirmed as a party to an active or possible transaction.
Retained: Confirmed as “Retained” with a general or specific mandate.
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.