- Reuters•16 days ago
Mexican retailer Soriana, the country's second-largest supermarket chain, said on Friday that it had finalized a deal with Chilean retailer Falabella to jointly develop its Sodimac home improvement stores and CMR financial services in Mexico. According to a regulatory filing, Soriana will offer its Mexican market know-how, and land for opening the home improvement stores, with 20 slated to open in the next five years.
- Reuters•3 months ago
Chilean retailer Falabella said on Friday it has agreed a joint venture with Organizacion Soriana, Mexico's second-largest supermarket chain, to develop its Sodimac home improvement stores and CMR financial services in Mexico. The memorandum of understanding for the joint venture will require a total investment of $600 million in capital and real estate over 5 years, 50 percent from each company, Falabella said in a statement. Together they expect to open 20 Sodimac stores in Mexico during the initial phase of the agreement.
Organizacion Soriana SAB de CVMexico
|Bid||44.96 x 24500|
|Ask||45.10 x 132400|
|52wk Range||31.30 - 46.20|
|Day's Range||44.93 - 45.10|
|Avg Vol (3m)||237,602|
As of 3:54 PM EDT. Market closed.