The deal for now ends a legal fight that erupted last year when Texas was accused of denying "birthright" U.S. citizenship amid heightened national debate over immigration.
The first store should be operational the end of 2017, the Soriana statement said.
The Mexican department store chain on Tuesday said it had reached an agreement to acquire Ripley in a deal that values the target at 813 billion Chilean pesos (US$1.2 billion).
The Mexican department store chain said on Tuesday it agreed to acquire a majority stake in Ripley for 813 billion Chilean pesos (US$1.2 billion).
The state economy minister said the deal reached would reduce the incentives from 28 percent of the amount invested by Kia and its suppliers to 10.5 percent.
State-owned China Communications Construction Company will extend by three months a feasibility study for a major industrial park in the state of Jalisco.
Mexican billionaire Carlos Slim and fellow shareholder Esther Koplowitz said last week they had signed an agreement allowing them to take their stakes in FCC beyond 29.9 percent.
Both IEnova, a unit of U.S.-based Sempra Energy, and Pemex said in statements that they would restructure the deal to meet the requirements.
It could be a nearly US$600 million cash deal.
Earlier on Wednesday, a Mexican newspaper columnist said Mexico's Liverpool was planning to buy a 50 percent stake in Ripley, which has operations in Chile, Peru and Colombia.