Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Dollarama Inc. acquires 60.1% stake in Latin American retailer Dollarcity, plans Mexico expansion.

flag Dollarama Inc. has increased its stake in Latin American retailer Dollarcity to 60.1% with the acquisition of an additional 10% interest, planning to expand Dollarcity into Mexico. flag The Montreal-based company acquired the additional stake for 6,060,478 Dollarama common shares, worth approximately $761.7 million. flag Dollarama also has an option to buy an additional 9.89% stake in Dollarcity at any time before December 31, 2027. flag Dollarama and the Dollarcity founding stockholders have agreed on governance terms for the expansion to Mexico, with indirect interests of 80.05% and 19.95%, respectively, in the Mexican portion of the business.

18 Articles