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Wal-Mart Mexico Shedding Subsidiary In $1.04B Deal

By Braden Campbell ( August 11, 2016, 4:36 PM EDT) -- Wal-Mart's Mexican unit has agreed to sell subsidiary department store chain Suburbia to mid- and- high-end retail chain El Puerto de Liverpool SAB in a 19 billion peso ($1.04 billion) deal, the buyer said Wednesday....

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