The transaction includes the purchase of all of the shares of Empresas Metro S.A. , owner of both chains.
Without disclosing the total amount of the transaction, Nicholas Psychoyos, president of Grupo Rey, said the purchase was made through an exchange of shares and partly in cash.
"With this acquisition, Grupo Rey will manage five retail chains: Supermercados Rey, Mr. Precio, Supermercados Romero, Farmacias Metro y Econo Farmacias", reported Prensa.com
Source: Prensa.com
More on this topic
May 2011
Strategies and new low price offers are being prepared before the arrival of the Walmart name in the country.
The fight to win customers in an increasingly aggressive market has been reinvigorated in recent weeks, since the retailer Walmart decided to change the name of its supermarkets from Hipermás to Walmart.
November 2011
The acquisition of cover, known as a PUT Option, allows the producer to ensure a minimum selling price.
At a time when volatility is the order of the day in international markets, this coverage or hedge has become an indispensable tool for any product that is exported and depends on international prices.
January 2009
Wendy's, Taco Bell and McDonald's have launched new advertisement campaigns to attract consumers.
Elperiodico.com.gt reports: "Taco Bell launched its publicity campaign called 'Who said Crisis?' and is offering its tacos and burritos at prices between 6 and 12 quetzales, while McDonald's launched its new hamburger, McChicken Guacamol Jr, at 10 quetzales and will reduce the price of its hamburgers, for example, a Big Mac will go from Q19.25 to Q12 and a McMuffin from Q12.75 to Q9, at its 68 restaurants."
November 2008
Representatives of the Honduran Council of Private Companies will hold a meeting with the government to define the price adjustment for the basic food basket.
The Cohep presented a list of products for which prices will be lowered, however, the Minister of Industry and Trade, Fredys Cerrato, affirmed that the real prices will be revealed after the meeting.
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