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Grupo Modelo to sell Extra convenience stores business to Circulo K

Monday, 10 Feb 2014 07:21am EST 

Grupo Modelo SAB de CV:Says it has reached an agreement whereby Circulo K will acquire the convenience store business that operates under the brand Extra from Grupo Modelo.Says the transaction will allow Grupo Modelo to focus on its core business of producing, distributing and selling beer.Says the transaction is subject to the approval of the Mexico‚Äôs Federal Competition Commission.Says terms of the agreement have not been disclosed. 

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16 Apr 2015