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Grupo Gigante SAB de CV (GIGANTE.MX)

GIGANTE.MX on Mexico Stock Exchange

37.60MXN
12:18pm EDT
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$-0.10 (-0.27%)
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Latest Key Developments (Source: Significant Developments)

Grupo Gigante sells Dos Patios y Diseno brand for $117.5 mln
Thursday, 26 May 2016 11:33am EDT 

Grupo Gigante SAB de CV : Said on Wednesday sold to UIR Polanco SA de CV, unit of Union Investment Real Estate GmbH , property known as Corporativo Dos Patios, a Dos Patios y Diseno brand and related lease rights for $117.5 million plus VAT .Says sold the asset to obtain funds to decrease debt and strengthen its business plan.  Full Article

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