Office Depot to sell Mexico stake for $690.2 million

06/4/2013 | Wall Street Journal, The

Office Depot will sell its half of Office Depot de Mexico to its joint venture partner Grupo Gigante for $690.2 million, the company said. The partnership was launched in 1994 and today has more than $1.1 billion in annual sales; its 248 stores in Mexico and Central America will retain the Office Depot brand after the deal closes.

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