Chedraui in Debut Equity Offering

May 5, 2010

Cleary Gottlieb represented Grupo Comercial Chedraui and its principal shareholder in Chedraui’s recent $425 million debut global equity offering, which was comprised of an initial public offering on the Mexican Stock Exchange and a Rule 144A/Reg S offering in the United States and outside Mexico and the United States. The offering was Mexico’s first initial public offering since June 2008. The base transaction closed on May 5. The underwriters subsequently exercised their over-allotment option in full.

Chedraui is a leading Mexican food and general merchandise retailer with operations under the Chedraui and Super Che formats in Mexico and under the El Super format in the United States. Chedraui intends to use the proceeds of the offering for general corporate purposes and to fund its ongoing expansion plan.