MEXICO CITY — Grupo Gigante here said last week it plans to sell all of its retail operations, except Super Precio convenience stores, to Monterrey-based Soriana, for $1.35 billion, subject to approval by Mexican authorities and a vote by its shareholders. That vote is scheduled for later this month, though Gigante officials were unable to pinpoint the date when asked by SN. The transaction involves 199 stores in Mexico operating under the Gigante, Bodega Gigante and Super G banners, and ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

WhyRegisterfor FREE?

Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.

Click here to read the FAQ page if you have any questions (opens in a new window)

Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.

Already registered? here.