Mexico's Grupo Sanborns raises $950 million

02/10/2013 | Wall Street Journal, The

Grupo Sanborns, the Mexican retail conglomerate controlled by billionaire Carlos Slim, raised $950 million in a new public stock offering. The company, which operates mostly department stores and restaurants, plans to use the funds for several purposes including opening new stores, remodeling existing locations and possibly making new acquisitions.

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Wall Street Journal, The

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