Key Developments: Wal Mart de Mexico SAB de CV (WALMEXV.MX)

WALMEXV.MX on Mexico Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Wal Mart de Mexico declares extraordinary dividend
Wednesday, 14 May 2014 06:13pm EDT 

Wal Mart de Mexico SAB de CV:Declares extraordinary dividend of 0.40 peso per share.Dividend to be paid on May 22.  Full Article

Alsea concludes acquisition of VIPS from Wal Mart de Mexico
Monday, 12 May 2014 09:15am EDT 

Alsea SAB de CV:Says operation between Alsea and Wal Mart de Mexico SAB de CV was concluded.Acquires 100 percent stake in VIPS.  Full Article

Wal Mart de Mexico appoints chairman
Thursday, 20 Mar 2014 02:46pm EDT 

Wal Mart de Mexico SAB de CV:Appoints Enrique Ostale as chairman of company board.  Full Article

Wal Mart de Mexico SAB de CV to propose dividend
Monday, 10 Mar 2014 01:17pm EDT 

Wal Mart de Mexico SAB de CV:To propose ordinary dividend of 0.52 pesos per share.To propose two extraordinary dividends of 0.46 pesos per share and 0.40 pesos per share.Ordinary dividend to be paid in four equal installments of 0.13 pesos per share each on April 29, Aug. 26, Nov. 25 and Feb. 24, 2015.Extraordinary dividend of 0.46 pesos per share to be paid in two installments of 0.27 pesos per share on April 29 and of 0.19 pesos per share on Nov. 25.  Full Article

Alsea SAB de CV’s Shareholders Approve Acquisition Of VIPS Business From Wal-Mart de Mexico SAB de CV And Some Of Its Subsidiaries
Monday, 28 Oct 2013 04:02pm EDT 

Alsea SAB de CV announced that its shareholders, at the General Ordinary Shareholders’ Meeting, approved the acquisition from Wal-Mart de Mexico SAB de CV and some of its subsidiaries the total stake in Arrendadora de Restaurantes S de RL de CV, Operadora VIPS S de RL de CV, Servicios Ejecutivos de Restaurantes S de RL de CV and Holding de Restaurantes S de RL de CV (collectively VIPS), as well as the brands: Vips, El Porton, Ragazzi and La Finca and some properties of the VIPS business.  Full Article

Alsea SAB de CV To Buy Wal Mart de Mexico SAB de CV's Restaurant Chain-Reuters
Tuesday, 10 Sep 2013 04:35pm EDT 

Reuters reported that Alsea SAB de CV said it will pay $626.96 million (MXN8.2 billion ) for Wal-Mart de Mexico SAB de CV's restaurant unit. Alsea is buying Walmex's 362 restaurants, including the Vips chain which sells Mexican breakfasts and dinners as well as hotcakes and cheeseburgers in a format similar to a U.S. diner.  Full Article

Gainey McKenna & Egleston Files Class Action Lawsuit Against Wal Mart de Mexico SAB de CV
Friday, 12 Apr 2013 06:30pm EDT 

Gainey McKenna & Egleston announced that it filed a class action in the United States District Court for the Southern District of New York on behalf of purchasers of the American Depositary Shares (ADRs) of Wal-Mart de Mexico SAB de CV between February 21, 2012 through April 22, 2012, inclusive (the Class Period). The case is brought against Wal-Mart de Mexico and Ernesto Vega (the Chairman of the Board of Directors, Chairman of the Audit and Corporate Practices Committee of Wal-Mart de Mexico), seeking to pursue remedies under the Securities Exchange Act of 1934 (the Exchange Act). The Complaint alleges that Defendants Wal-Mart de Mexico and Ernesto Vega violated the Exchange Act by issuing during the Class Period materially false and misleading statements regarding Wal-Mart de Mexico's business practices with respect to unlawful or unethical bribery conduct. Specifically, the Complaint alleges that Wal-Mart de Mexico failed to disclose that it had been involved in a bribery scheme, and as a result of the false and misleading statements disseminated by Defendants, the Wal-Mart de Mexico ADRs traded at artificially inflated prices during the Class Period.  Full Article

Law Offices of Howard G. Smith Announces Investigation On Behalf of Investors of Wal Mart de Mexico SAB de CV
Monday, 8 Apr 2013 09:30pm EDT 

Law Offices of Howard G. Smith announced that it is investigating potential claims against Wal-Mart de Mexico SAB de CV concerning possible violations of federal securities laws. The investigation focuses on certain statements issued by Wal-Mart de México between February 21, 2012 and April 22, 2012 regarding the Company’s operations and financial performance. Wal-Mart de México owns and operates a network of retail stores in Mexico and Central America. The investigation is related to allegations that Wal-Mart de Mexico – the largest foreign subsidiary of U.S.-based Wal-Mart Stores, Inc. (Wal-Mart) -- had orchestrated a multi-year campaign of bribery to win market dominance, and that Wal-Mart de Mexico executives knew about the payments and actively took steps to conceal them, thereby causing Wal-Mart de Mexico American Depositary Shares (ADRs) to trade at artificially inflated prices. In April 2012, The New York Times reported that in 2005 Wal-Mart’s own investigators found evidence confirming these and other instances of alleged bribery.  Full Article

Wal Mart de Mexico SAB de CV To Propose FY 2012 Dividend Payment
Thursday, 7 Mar 2013 05:21pm EST 

Wal Mart de Mexico SAB de CV announced that during its shareholders meeting, to be held on March 14, 2012, it will propose the distribution of a dividend payment for fiscal year 2012 at a value of MXN 0.46 per share, to be paid on April 23, 2013, as well as two extraordinary dividend payments: the first one at a value of MXN 0.29 per share, to be paid on April 23, 2012 and the second one at a value of MXN 0.17 per share to be paid on November 26, 2013.  Full Article

Mexico's Walmex says second-quarter profit doubles

MEXICO CITY - Mexico's biggest retailer, Wal-Mart de Mexico, on Wednesday said its second-quarter profit doubled, driven by the sale of its restaurant business but also helped by a pickup in revenue across its stores.

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