May 17, 2021
Mexican supermarket chain Chedraui said Friday that its US subsidiary Bodega Latina had lined up financing for the acquisition of California-based warehouse grocery store Smart & Final from US asset management firm Apollo Global Management.
Bodega Latina agreed to pay $620 million for Smart & Final, including debt, and secured a loan from BBVA, Bank of America and Scotiabank, Chedraui said in a press release. The company will also use existing credit lines and cash on hand to cover part
Mexican supermarket chain secures financing from three banks to buy California-based Smart & Final for $620 mln