The Mexican retailer The Port of Liverpool announced on Thursday an investment of 5.9 billion pesos (about 295 million dollars) to acquire 9.9% of the outstanding shares of the American department store chain Nordstrom.
Liverpool, one of the companies of department stores largest in Mexico, did not offer further details of the transaction in a statement sent to the local stock exchange, but said that the resources come from surplus cash.
“For the Port of Liverpool, this operation represents an attractive opportunity for geographical diversification of its assets,” the firm added in the document.
Last year, Nordstromwhich operates more than 350 units in the United States and Canada, in addition to its digital format, generated revenues of almost 14.8 billion dollars and a net income of 178 million dollars.
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