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Retail

Walmart's Mexico business set to absorb two internal units

FILE PHOTO: Walmart signs are displayed inside a Walmart store in Mexico City, Mexico March 28, 2019. REUTERS/Edgard Garrido

MEXICO CITY (Reuters) - The Mexican unit of U.S. retailer Walmart said on Wednesday a shareholder meeting would discuss the absorption of two internal units, Holding de Restaurantes y Servicios and Tiendas Wal-Mart.

In a filing to the Mexican stock exchange, Walmart de Mexico WALMEX.MX said the operation would be part of corporate restructuring and would not involve any third parties.

Reporting by Dave Graham; Editing by Daina Beth Solomon

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