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Cencosud Buys Into Brazil

Oct 18, 2010

Cencosud, Chile’s largest retailer by sales, has agreed to buy Brazilian supermarket operator Bretas for BRL1.35bn. Of the price, BRL1bn is due at closing, BRL100m at the end of 2011...

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The most pressing issue is related to guaranteeing this growth of the system, the savings. We have to guarantee that this growth is followed by better asset managers on the side of the Afores.

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