Walmart de México y Centroamérica
Concludes Process for the Sale of Suburbia
FREE TRANSLATION, NOT TO THE LETTER
Mexico City, April 4, 2017
Wal-Mart de México, S.A.B. de C.V. (BMV: WALMEX) announces to its shareholders as well as to the
general public that it has completed the operation with El Puerto de Liverpool, S.A.B. de C.V.
(BMV:LIVEPOL) to sell Suburbia, its apparel division.
Effective today, Walmex sold its 100% equity interest in the Suburbia business, as well as certain
intangible property, fixtures and owned and leased interests in real property for a net amount of
approximately $15.7 billion pesos including debt in the form of capital leases of approximately $1.4
billion pesos that Liverpool will assume.
Liverpool will reimburse $80 million pesos to Waknex for certain properties under construction during the
period from the definite agreement signed in August 2016 and today’s close
Additionally, $3.3 billion pesos in a declared dividend and capital reduction will be paid to Walmex in the
coming days.
The purchase price is subject to customary adjustments to be determined in accordance to the purchase
agreement.
With the divestiture of Suburbia, Walmex concludes the divestitures program that began a few years ago
under which Vips, Banco Walmart and Suburbia were sold. This step is key for the company; it will allow
us to be 100% focused on our core business, thus, enabling us to drive our efforts towards achieving our
goal of doubling the business by 2024.
We thank our Suburbia associates for being part of our history during 46 years; they showed
commitment, dedication and professionalism every step of the way.
Contacts
Investor Relations
Pilar de la Garza Fernández del Valle
(52-55) 5283 - 0289
[email protected]
Corporate Communication
Antonio Ocaranza Fernández
(52-55) 5283-0271
[email protected]
Jaime Hernández Gómez
(52-55) 4944-8849
[email protected]
This document may contain certain references concerning Wal-Mart de México S.A.B. de C.V.’s future performance that should be considered as good faith estimates
made by the Company. These references are a reflection of Managements’ expectations about the Company and are based upon currently available data. Actual
results are always subject to future events, risks and uncertainties, which could materially impact the Company’s actual performance
April 4, 2017
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