Walmart de Mexico y Centroamerica informs on the situation regarding the acquisition of Cornershop

PRESS RELEASE Wal-Mart de Mexico, S.A.B. de C. V. (BMV: WALMEX) BB #:143789 announces to its shareholders as well as to the public in general that the Federal...

Company Press Release

June 7, 2019

PRESS RELEASE Wal-Mart de Mexico, S.A.B. de C. V. (BMV: WALMEX) BB #:143789 announces to its shareholders as well as to the public in general that the Federal Economic Competition Commission (COFECE) notified its majority shareholder, Walmart Inc. (NYSE: WMT),
its opposition to the acquisition of Cornershop Inc.

We are analyzing the scope of this resolution and the measures we will adopt, since we are sure that this operation is positive for the competitive environment and for the consumer, and that it drives the development of eCommerce in Mexico.

Contact: Corporate Communication, Gabriela Buenrostro Ortega (52-55) 5283-0237, gabriela.buenrostro@walmart.com

Image sources are either licensed or customer-provided.

nn-cta-image (1)

News you need.

Join Blue Book today!

Get access to all the news and analysis you need to make the right decision --- delivered to your inbox.

Subscribe

MEMBERSHIP BENEFITS

It’s not what you know,
it’s who you know.
Luckily, you know us

Got a tip for us?
Here is how to submit

What to read next

donation

Save A Lot Stores prepare to do “A Lot of Good” for giving campaign

Save A Lot, one of the largest discount grocery chains, is launching its annual 'Bags for a Brighter Holiday' food donation program.

discount

Meijer offering deep discounts on Thanksgiving favorites

Meijer is stocked and ready to supply Midwest customers with their needs for Thanksgiving dinner at an unbeatable value.

Federal agencies warn of cybercrime risks to cold chain

cold chain

Federal agencies warn of cybercrime risks to cold chain

A new fact sheet warns of various cybercrime threats targeting industrial refrigeration and cold chain systems.

data

GS1 US introduces Rapid Record to help capture traceability data

The newly launched platform, an SMS-based text messaging tool, will help produce growers capture and manage traceability information.

cpma

CPMA welcomes food system investments in federal budget 2026

The Canadian Produce Marketing Association welcomes the recognition of food security as a critical component of a strong and resilient Canada.

Organically Grown Company acquires Heath & Lejeune

mergers & acquisitions

Organically Grown Company acquires Heath & Lejeune

The acquisition brings together supply chain partners, expanding OGC's California presence and strengthening its organic produce network.