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Mexican retailer Walmex to invest 12.4 billion pesos in 2015


    (Reuters) - Wal-Mart de Mexico , the country's biggest retailer, will invest 12.4 billion pesos ($809.45 million) this year in maintenance and expansion of its sales floor, its chief finance officer, Rafael Matute, said on Wednesday.

    He said that Walmex - which has suffered in the past two years from a slump in Mexico's economy, forcing it to sell assets and focus on its supermarket business - would expand its sales floor area by 2.4 percent this year.

    Last month, the retailer reported a 40 percent rise in fourth-quarter profit.

    ($1 = 15.3190 pesos)

    (Reporting by Gabriela Lopez; Editing by Leslie Adler)