On October 11, 2012, share price of Controladora Comercial Mexicana SAB DE CV shot up to nearly 4% due to the report that the company may be acquired by Grupo Comercial Chedraui, S.A.B. DE C.V. Excelsior daily reported quoting several sources as saying that there are talks between Comercial Mexicana and Chedrau. The news report stated that neither Comercial Mexicana nor Chedrau were available for comments.
Grupo Comercial Chedraui SAB de CV is a Mexico-based company primarily engaged in the retail and real estate sectors. The Companyâs activities are structured into three business areas: Self Service Mexico, which includes a network of over 140 Chedraui and 39 Super Chedraui supermarkets located in over 20 Mexican states; Self Service Unites States, which comprises the operation of 36 El Super convenience stores established mainly in the southern-east region of the United States, and Real Estate, which specializes in the acquisition, management, development and promotion of residential and non-residential properties, as well as in the construction and redecorating of the Companyâs stores and facilities.