Cencosud/Bretas Won’t Harm Competitors

Cencosud/Bretas Won’t Harm Competitors

Chile M&A

The acquisition of Brazilian supermarket operator Bretas by the second largest Chilean supermarket operator shouldn’t have a serious effect on the local market, according to Barclays. Cencosud agreed to buy Bretas for BRL1.35bn. Of the price, BRL1bn is due at closing, BRL100m at the end of 2011 and BRL250m at the end of 2014. According to Cencosud, the deal is being financed through three bank loans totaling $290m. In a research report analyzing the effect of the acquisition on CBD, the parent o

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