Dollarama Closes Previously Announced Acquisition of 50.1% Interest in Latin American Value Retailer Dollarcity

MONTREAL, Aug. 15, 2019 /CNW Telbec/ - Dollarama Inc. (TSX: DOL) ("Dollarama" or the "Corporation") announced today the closing of its acquisition of a 50.1% interest in Latin American value retailer Dollarcity announced on July 2, 2019, thereby establishing a compelling second growth platform, in complement to its Canadian growth strategy.

For more details on the terms of the transaction, please consult Dollarama's press release dated July 2, 2019 available in the Investor Relations/News section of the Corporation's website at www.dollarama.com.  

About Dollarama

Dollarama is a recognized Canadian value retailer offering a broad assortment of consumable products, general merchandise and seasonal items both in-store and online. Our 1,236 locations across Canada provide customers with compelling value in convenient locations, including metropolitan areas, mid-sized cities and small towns. Select consumable and general merchandise products are also available by the full case only through our online store at www.dollarama.com. Our quality merchandise is sold at select, fixed price points up to $4.00.

View original content:http://www.prnewswire.com/news-releases/dollarama-closes-previously-announced-acquisition-of-50-1-interest-in-latin-american-value-retailer-dollarcity-300902051.html

SOURCE Dollarama Inc.

Copyright 2019 Canada NewsWire