Grupo Comercial Chedraui, S.A.B. de C.V. (BMV:CHDRAUI B) acquired TIENDAS DE DESCUENTO ARTELI, S. A. DE C.V.
December 13, 2022
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Grupo Comercial Chedraui, S.A.B. de C.V. (BMV:CHDRAUI B) acquired TIENDAS DE DESCUENTO ARTELI, S. A. DE C.V. for approximately MXN 1.7 billion on December 14, 2022. The purchase agreement implies an estimated 2022 EV/EBITDA multiple of 3 times. The transaction is expected to be accretive to Chedraui's earnings per share. The transaction will not require an increase in debt and will be funded with cash available on Chedraui's balance sheet.
Grupo Comercial Chedraui, S.A.B. de C.V. (BMV:CHDRAUI B) completed the acquisition of TIENDAS DE DESCUENTO ARTELI, S. A. DE C.V. on December 14, 2022.
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.
GRUPO COMERCIAL CHEDRAUI, S.A.B. DE C.V. 
