Sale of the restaurant division and Banco Walmart

This year we devoted resources to adapt our value proposition to the ever changing market. Strategic decisions were made with the intent of concentrating our efforts on the retail sector and providing solutions that our customers currently seek.

In mid-2013 we announced the sale of our restaurant division -comprising Vips, El Portón, Ragazzi, and La Finca- with the transaction approved this year by the corresponding authorities.

Moreover, late in the year, we communicated the agreement reached with Banco Inbursa, concerning the sale of Banco Walmart, and the creation of a commercial alliance that will enable us to have a competitive offering of credit in our business formats. We are convinced that these initiatives will produce an increase in sales and improve the shopping capacity of our customers.