Colombia continues to be a magnet for acquisitions this year
- a trend that looks set to continue. Although a range of
international buyers are looking, it is the Chileans that have
made a particular mark. The most recent example comes from
Cencosud which is paying €2 billion ($2.6 billion) for
Carrefour's supermarket assets in the country. The Chilean
regional supermarket power was able to fend off other
foreigners looking at Colombia's GDP growth potential and
opportunity to better penetrate medium-sized cities. Walmart
was its most sizeable competitor. Analysts see the 17 times
Ebitda multiple that Cencosud paid as being on the high side
but point to ample opportunities for growth. Others in the
sector - such as Almacenes Olimpica, La 14 and Alkosto - are
potential targets for others looking to...
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