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Mexico: Grocery store Soriana puts $2bn offer for rival

By  |  December 8, 2015

Mexican supermarket chain Soriana on Monday launched its offer to buy rival Comercial Mexicana at a price of 32.6124 pesos per share, as part of a deal first announced in January.

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    The offer, for up to 35.417 billion pesos is slightly lower than the original price as the competition regulator Cofece said they could not purchase some of the stores.

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