Slim's Mexican retailer Sanborns prices stock issue at 28 pesos/share

MEXICO CITY Fri Feb 8, 2013 12:44am EST

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MEXICO CITY Feb 7 (Reuters) - Grupo Sanborns, the Mexican cafe and retail chain owned by billionaire Carlos Slim, set the price for a stock issue it hopes will generate just under $1 billion late on Thursday at 28 pesos per share, the company said in a statement.

Sanborns said in a stock exchange filing that it expects to generate up to 12.1 billion pesos ($951 million) globally through the stock issue.

The share price came in at lower end of the expectations. The prospectus had a range between 27 and 32 pesos ($2.12-$2.51) per share.