Costco Wholesale Corp. (COST) and Controladora Comercial Mexicana S.A.B. de C.V. or "CCM" executed a definitive agreement, pursuant to which wholly-owned units of Costco Wholesale would buy from CCM its 50% share interest in Costco de México, S.A. de C.V., a joint venture, for $760.4 million. Further, Costco Mexico has declared a cash dividend of around $340.85 million, 50% payable to an unit of Costco Wholesale and 50% to CCM.
The Costco México joint venture has been 50% owned by each of Costco Wholesale and CCM and operated by Costco Wholesale. Guillermo González Nova, and Carlos González Zabalegui, respectively Chairman and CEO of CCM, would continue as board members of Costco México. Jaime Gonzalez Solana would continue as Chief Executive of Costco México.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.