Dollarama to acquire 50.1% interest in Dollarcity for $90m.

Dollarama, a Canadian dollar store retail chain headquartered in Montreal, agreed to acquire 50.1% interest in Dollarcity, a Latin American value retailer, for approximately $90m. "We are very excited to bring our relationship with Dollarama to the next level, and together strive to achieve Dollarcity's long-term growth objectives. We have leveraged Dollarama's expertise to establish a successful value retail model in El Salvador, Guatemala and Colombia, and we look forward to continuing to grow our store network in these countries in the years ahead," said Marco Baldocchi, Chief Executive Officer of Dollarcity.