Walmart Buys Hiper Europa Store

The Superintendence of Competition in El Salvador has ruled that the transaction does not classify as monopolistic concentration.

Wednesday, October 31, 2012

Europa SA, the third largest supermarket chain in El Salvador after Walmart and the Guatemalan Hiper Paiz, had closed the store last week, which was ranked as Central America's largest when opened in 1998.

Elsalvador.com reports that "the transaction does not involve the purchase of shares, transfer of licenses, representations or branding of the stores, said the SC. The process does not represent a commitment to a transfer of the business enterprise, labor liabilities, furniture and equipment, or accounts payable or receivable. The object of the promise of sale transaction "is solely the property."

Marlene Tobar, Economic Intendant at the Superintendency of competition, said that Europa "will continue to participate actively in the Salvadoran market, operating the remaining branches which it currently has (Bernal and Beethoven), without Walmart having any control over the policy. "



More on this topic

El Salvador: Purchase of Gas Stations Authorized

March 2019

The Superintendence of Competition "authorized the request presented by Uno El Salvador S.A. de C.V. for the acquisition of two gas stations in Santa Ana and La Libertad."

From the Superintendence of Competition statement:

March 5, 2019. The Board of Directors of the Superintendence of Competition (CDSC) authorized the application filed by Uno El Salvador S.A.

Grupo Calleja Pulls Out of Almacenes Europa Purchase

February 2012

The application for authorization for economic concentration by Grupo Calleja with the Superintendency of Competition in El Salvador has been withdrawn after negotiations were broken off.

A press release from the Superintendency of Competition in El Salvador states:

Lawyers representing Grupo Calleja who filed a request for authorization for economic concentration resulting from Calleja’s purchase of Europa S.A.

Grupo Calleja Looks At Buying Almacenes Europa

January 2012

The Salvadoran Superintendence of Competition has received a request by Calleja SA, owner of Súper Selectos, to buy Almacenes Europa.

The request, which will be reviewed by the Board of the Superintendency of Competition (SC), was presented on January 2nd and is for the purchase of the five of sales outlets belonging to Europa SA, owner of Almacenes Europa and Hiper Europa.

Wal-Mart Mexico Acquires Wal-Mart Central America

December 2009

For this transaction, Walmex will pay $110 million in cash and issue stock for $593 million.

Wal-Mart Central America is owned by Wal-Mart Stores Inc. (51%) and minority shareholders (49%). It operates 519 stores, 11 distribution centers, and agri-industrial operations in 5 countries (Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica).

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