Grupo Comercial Chedraui

Mexican retailer buys Smart & Final for $620 million

COMMERCE, Calif. — The investment group owners of Smart & Final Holdings Inc. have agreed to sell the grocery chain to Bodega Latina Corp. (BLC), a subsidiary of Mexico City-based Grupo Comercial Chedraui, which announced the deal last week. Smart & Final’s owners — funds managed by affiliates of private equity firm Apollo Global Management