Walmex Buys CentAm Counterpart

Walmex Buys CentAm Counterpart

Mexico

Mexican Wal-Mart operator Walmex says it is acquiring Walmart Centroamerica for about $2.7bn. It will pay MXP1.4bn in cash and will issue around 600m shares to pay the remainder. “They are paying 83 cents for each dollar of the target’s sales, which

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