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- The first Aurrera store opened in Mexico
City.
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- Superama began operations.
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- Vips began operations.
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- Suburbia and Bodega Aurrera began operations.
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- Cifra shares were first listed
on the Mexican Stock Exchange.
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- A joint venture agreement (50% - 50%)
was signed with Wal-Mart to open Sam’s Club in Mexico.
The first Sam’s Club opened its doors in December of that
same year.
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New
units of Aurrera, Bodega Aurrera and Superama were incorporated
into the joint venture (Cifra stops independent growth in these
formats), along with the Wal-Mart Supercenters.
Thus, two companies were created: Cifra-Mart
and WMHCM, owned 50% by Cifra and 50% by Wal-Mart.
- Cifra still held 100% of the units
opened before May 1992.
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Wal-Mart
Supercenter began operations.
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New
units of Suburbia and Vips were incorporated into the joint venture.
Cifra ended independent growth.
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The
joint venture companies merged into Cifra. Wal-Mart made a public
tender offer in the Mexican Stock Exchange, acquiring control of
the Company.
Cifra remaind a public company operating
all businesses in Mexico (Aurrera, Bodega Aurrera, Sam’s
Club, Suburbia, Superama, Vips, and Wal-Mart Supercenter).
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Shareholders
approved to change the Company's name from Cifra S.A. de C.V. to
Wal-Mart de México S.A. de C.V.
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Conversion of all the Aurrera stores, 24 units into Wal-Mart Supercenters and ten into Bodegas.
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