Carrefour Eyes Comercial Mexicana: Report

Shares of Comercial Mexicana rose nearly 8% late last week following reports that Carrefour was interested in buying the Mexican retailer.

MEXICO CITY — Shares of Comercial Mexicana rose nearly 8% late last week following reports that Carrefour was interested in buying the Mexican retailer. However, an executive for the local retailer said in published reports his company was not aware of any interest by Carrefour.

Earlier last week, bondholders of Comercial Mexicana approved a proposal to exchange existing bonds for new debt after the company defaulted on debt last October. Carrefour had operated 29 stores in Mex

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