Conway Stores in Panama Have Been Purchased by Grupo Tova.
The Tova Group has several department stores in Panama.
Grupo Tova has added the Conway stores, operated by Target SA, to its chain of department stores. This was announced by MMG Bank, which stated on social media that, through its Investment Banking division, the transaction was successfully completed, incorporating the Conway stores, owned by Target SA, into Grupo Tova. “We recognize the vision and professionalism of the management teams of both organizations, whose commitment was fundamental to ensuring an efficient transaction,” said MMG Bank. The Tova Group owns the El Campeón, Madison and Stevens chain of stores in Panama. The amount of the transaction has not yet been disclosed.
About MMG Bank the Investment Bank.
MMG Bank, through its Investment Banking division, announces the successful completion of the transaction through which Tova Group incorporated Conway Stores, owned by Target S.A. We act as financial and strategic advisor for Target S.A., leading the overall design and execution of the operation. We recognize the vision and professionalism of the management teams of both organizations, whose commitment was fundamental to ensure an efficient transaction. The Investment Banking Division of MMG Bank provides strategic and financial advice on mergers and acquisitions (M&A), capital markets and structured financing for corporations, family-owned companies and institutional investors in Panama and the region. Our approach combines rigorous execution capacity with deep market knowledge to structure tailored solutions to our clients’ most critical transactions.
