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MarketScreener Homepage  >  Equities  >  Mexican Stock Exchange  >  Grupo Gigante, S. A. B. de C. V.    GIGANTE *   MXP370791214

GRUPO GIGANTE, S. A. B. DE C. V.

(GIGANTE *)
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Grupo Gigante, S.A.B. de C.V. : Mexico's Gigante does not rule out Office Depot purchase

02/18/2013 | 05:08pm EST

MEXICO CITY (Reuters) - Mexican retailer Grupo Gigante on Monday did not rule out a possible acquisition of the 50 percent stake in U.S. office-supply store chain Office Depot that it does not already own following a report it was in talks to do so.

The company (>> Grupo Gigante, S.A.B. de C.V.) has been considering options related to its 50 percent holding in Office Depot (>> Office Depot Inc) since 2008, Grupo Gigante said. Last week U.S. news agency Bloomberg said it was in talks to buy the other half.

Gigante has held talks with various financial institutions "with a view to using credit lines for financial purposes to execute its business plan and that of its subsidiaries," the company said in a statement to Mexico's stock exchange.

The business plan does not exclude acquisitions, but it does also include organic growth, the statement said.

(Reporting by Elinor Comlay; Editing by Bernard Orr)

Stocks treated in this article : Grupo Gigante, S.A.B. de C.V., Office Depot Inc

© Reuters 2013
Stocks mentioned in the article
ChangeLast1st jan.
GRUPO GIGANTE, S. A. B. DE C. V. 0.78% 25.8 End-of-day quote.-27.14%
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Financials
Sales 2019 32 446 M 1 632 M 1 632 M
Net income 2019 601 M 30,2 M 30,2 M
Net Debt 2019 14 036 M 706 M 706 M
P/E ratio 2019 58,6x
Yield 2019 -
Capitalization 25 651 M 1 289 M 1 291 M
EV / Sales 2018 1,34x
EV / Sales 2019 1,52x
Nbr of Employees 21 438
Free-Float 13,9%
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Managers
NameTitle
Ángel Losada Moreno Chairman, Executive President & CEO
Gilberto Pérezalonso Cifuentes Independent Director
Gonzalo Barrutieta Losada Director
José Alverde Losada Director
Braulio Antonio Arsuaga Losada Director