DOLLARAMA INCREASES EQUITY INTEREST - Increases equity interest in Dollarcity to 60.1% with acquisition of additional 10.0% stake
- Acquires option to purchase additional 9.89% equity interest in the future
- Expands partnership countries to include Mexico with an 80.05% equity interest and initial entry planned for 2026
MONTREAL, June 12, 2024 /PRNewswire/ - Dollarama Inc. (TSX: DOL) ("Dollarama" or the "Corporation") announced today that it has acquired an additional 10.0% equity interest in Latin American value retailer Dollarcity in exchange for the issuance of 6,060,478 common shares of Dollarama. As a result, Dollarama now owns a 60.1% equity interest in Dollarcity and has an option to purchase an additional 9.89% equity interest at any time on or before December 31, 2027.
DOLLARAMA INCREASES EQUITY INTEREST AND EXPANDS PARTNERSHIP IN LATIN AMERICA (prnewswire.com)