Dollarama increases stake in Dollarcity, plans Mexican expansion
“Dollarama Inc. has increased its stake in Dollarcity to 60.1 percent and announced significant expansion plans for the Latin American chain, as per BNN Bloomberg.
Montreal-based Dollarama revealed on Wednesday that it acquired an additional 10 percent interest in Dollarcity, with plans to enter the Mexican market. This acquisition was made in exchange for 6,060,478 Dollarama common shares, valued at approximately $761.7m based on Tuesday’s share price of $125.68…”