Walmex says Mexican competition authority opposes Walmart's Cornershop purchase

 Walmex says Mexican competition authority opposes Walmarts Cornershop purchase

MEXICO CITY (Reuters) - Mexico's biggest retailer, Wal-Mart de Mexico, said on Wednesday that the nation's Federal Competition Commission opposes its parent company Walmart's acquisition of grocery delivery platform Cornershop.

"We are analysing the scope of this resolution and the measures we will adopt, since we are sure that this operation is positive for the competitive environment and for the consumer, and that it drives the development of eCommerce in Mexico," said Walmex in a statement.

(Reporting by Anthony Esposito; Editing by Frank Jack Daniel)

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Updated Date: Jun 05, 2019 05:06:23 IST