Walmart Mexico Acquires 519-Store Affiliate

Latin America’s largest retailer Walmart Mexico plans to acquire the operations of Walmart Central America from its parent company Walmart Stores, Inc.

The not-yet-approved acquisition will see Walmart Mexico gaining an additional 519 stores and expanding its territorial reach into Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica. In the 12 months through September 2009, Walmart Central America had sales of $3.3 billion.
The expected $2.7 million deal will be submitted to a shareholder vote on Dec. 22.

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