In 2012, French retailer Carrefour chose to concentrate on
businesses closer to its home market in Europe. The strategy
led to its sale of its Colombian operations in a swift auction
process that involved major global and Latin American
CROSS-BORDER M&A DEAL: Cencosud / Carrefour Colombia
The largest international acquisition by a Chilean company came with a smooth financing package
Chile's Cencosud emerged victorious from a group of three
finalists in October 2012, spending $2.6 billion to gain about
18% of Colombia's supermarket sector. Carrefour's operations
were second only to Grupo Éxito, in a market with plenty
of growth opportunity.
The speed of the Carrefour purchase, as well as its
landscape-changing nature, made it stand out during the awards
period, against other prominent large deals such...
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