For Cencosud, it was a "perfect fit", says CEO Daniel
Rodríguez. In October, the Chilean retailer cemented its
hold in the Colombian market with the €2 billion ($2.6
billion) purchase of French multinational Carrefour's assets in
Best Corporates: Birth of a champion
When it comes to financing a large-scale acquisition, Cencosud shows the debt and equity markets how it’s done
For Cencosud, the appeal was a strong brand and the fact
that the target stores came with around 80% of the accompanying
land. The deal also meant the prospect of owning 18% of the
Colombian supermarket sector.
On its own, the transaction was an impressive example of a
Latin champion extending and consolidating its reach. Coupled
with a sophisticated capital markets strategy to finance the
acquisition, the company glides to a win as the Andean
corporate with the best capital markets strategy.
With supermarket, mall and department store operations in
Chile, Brazil, Peru, Argentina and Colombia, where it has
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