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 the country.
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 had...
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.