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The parties reached a binding agreement that will involve a payment of close to US $ 55 million for the 123 stores that the company had until June.
A good closing of the week had SMU in the Santiago Stock Exchange (BCS) after that on the night of this Thursday the company linked to the Saieh group will announce that it has reached an agreement with the Mexican Femsa -which operates in Chile with Oxxo stores- to divest the OK Market convenience store chain.
In this way the role of the supermarket it left behind three days of sharp falls and rose 0.97% to $ 113.05 per unit.
The shares of the company have not been immune to the effects of the pandemic, so so far this year they have lost more than 20%.
The deal
As reported to the Commission for the Financial Market (CMF), the parties reached a binding agreement that will involve a payment close to US $ 55 million for the 123 stores that -until June- had the company, which in any case will have to overcome the scrutiny of the National Economic Prosecutor’s Office (FNE).
The history of the Mexican in Chile dates back to 2016 when she bought from the Big John chain, which she later changed the name to its icon brand Oxxo.
At the beginning of this year, Femsa had 91 stores and the goal was to reach 250 next year, all of this before the pandemic appeared.
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