New Attempt to Sell Supermarket Chain

Almost a year after Walmart's application to acquire Grupo Gessa's supermarket chain in Costa Rica was denied, a new agreement is now announced between Grupo Gessa and Grupo Empresarial de Retail S.A.

Thursday, December 12, 2019

In January of this year, it was reported that local authorities ratified their ruling against Walmart's request to buy supermarket chain Gessa, arguing that the transaction presented problems of eventual concentration.

Grupo Empresarial de Supermercados S.A. (Gessa) makes a new attempt to sell the store chains of the formats Peri, Super Compro and Saretto, this time to Grupo Empresarial de Retail S.A. (Gersa), which belongs to the family of Chinese origin with the surname Yan, owner of the Kimling Yan group.

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Nacion.com reviews that "... The agreement of sale was communicated to supermarket suppliers on Wednesday 11 December in the evening, was presented the same day to the Commission to Promote Competition (Coprocom), which must authorize the final transaction."

Without giving details of the amount of the transaction, Gessa informed its suppliers that "... The Yan family has a business trajectory of more than 50 years in Costa Rica, as it has been dedicated to the export of wood and fruit and the import of products in general."

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More on this topic

No to Walmart Once Again

January 2019

Authorities in Costa Rica confirmed their judgment against Walmart's request to buy the supermarket chain Gessa, ending the case through administrative channels.

At the beginning of December 2018, the Commission for the Promotion of Competition (Coprocom) denied Walmart the request to purchase the Gessa group. Days later, the two companies involved in the transaction filed two appeals to overturn the decision.

Acquisition of Supermarket Chain is Claimed

December 2018

In response to the brake placed by the Commission for the Promotion of Competition on the purchase of Gessa by Walmart, in Costa Rica both companies presented two independent appeals that seek to revoke the blockade of the transaction.

Last week, the Commission for the Promotion of Competition (Coprocom) denied Walmart the purchase request of the supermarket group Gessa, and just days later, on December 10th, the two companies participating in the transaction filed two appeals to overturn the judgment.

Supermarket Chain Purchase Stopped

December 2018

Arguing that there are risks that the economic agent will affect market prices, in Costa Rica the Commission for the Promotion of Competition denied Walmart the request to purchase the supermarket group Gessa.

Representatives of the Commission for the Promotion of Competition (Coprocom) informed that the decision was taken unanimously on December 4th and the parties were notified the following day.

Supermarket Business In Few Hands

July 2018

In Costa Rica, Walmart has agreed to buy the supermarket chains Perimercados, Súper Compro and the Saretto store, until now owned by Grupo Empresarial de Supermercados.

Walmart Mexico and Central America reported that the transaction was presented on July 19 to the Commission for the Promotion of Competition (Coprocom), which must evaluate and authorize it.

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Grupo AR Inversiones S.A.

The company develops small comercial projects in the capital city of Guatemala. 15,000-25000 square meters of construction area.
Operates in Guatemala
Phone: (502) 2367 5114 - (502) 2367 5113

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