Wong acquires supermarket chains

Corporacion has acquired four stores of the supermarkets chain paying US$7.05mil, and is completing negotiations to acquire the small chains El Centro (5 stores) and El Super (3 stores). Chiappe family, to which belongs El Centro, has received proposals from Supermercados Peruanos and Falabella, but Wong is confident to incorporate it as part of a strategy to reach the Peruvian interior.

Publication: SABI - Business News
Provider: South American Business Information
Date: August 22, 2007

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