- Reuters•2 months 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•4 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 CV (SORIANAB.MX)
Mexico - Mexico Delayed Price. Currency in MXN
|Bid||0.00 x 24500|
|Ask||0.00 x 132400|
|Day's Range||47.00 - 47.40|
|52wk Range||32.00 - 47.50|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||21.46|
|Avg Vol (3m)||172,367|
|Dividend & Yield||N/A (N/A)|