Walmex Closes Central
America Deal
Wal-Mart de Mexico (Walmex) has bought
Wal-Mart Centroamerica from its parent
company, Wal-Mart Stores and regional
investors, The Wall Street Journal reports.
The Mexican subsidiary of Wal-Mart funded
the acquisition with 604 million shares and
$109.8 million cash.
Some regional Wal-Mart Centroamerica
investors sought payment in cash. The deal
has added 519 stores to Walmex’s existing
1,477 stores and has opened access to the
operations in Guatemala, El Salvador,
Honduras, Nicaragua and Costa Rica.
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