Grupo Sanborns, S.A.B. de C.V. (BMV:GSANBOR B-1) acquired additional 14% stake in Sears Operadora Mexico and 14% stake in Inmuebles SROM, S.A. de C.V. from Sears Holdings Corporation (NasdaqGS:SHLD) for approximately $110 million on July 15, 2016. After the completion of the transaction, Grupo Sanborns holds 98.94% stake in Sears Operadora Mexico and 14% stake in Inmuebles SROM.

Grupo Sanborns, S.A.B. de C.V. (BMV:GSANBOR B-1) completed the acquisition of additional 14% stake in Sears Operadora Mexico and 14% stake in Inmuebles SROM, S.A. de C.V. from Sears Holdings Corporation (NasdaqGS:SHLD)on July 15, 2016.