Mexican anti-trust agency approves CENCOSUD bid for Gigante

Planet Retail 21 November 2007

According to sources in Mexico, the country's anti-trust commission has authorised Chielan retailer Cencosud to bid for local retailer Gigante. The latter said earlier this month that it is considering strategic options including asset sales, mergers, and alliances. There are also unconfirmed reports that Mexico's largest retailer Walmex has withdrawn its request for authorisation to acquire all or parts of Gigante.

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