Cencosud Pays R$875m for Brazilian Supermarket Chain

Cencosud Pays R$875m for Brazilian Supermarket Chain

Chile M&A

Chile’s largest retail company Cencosud has agreed to acquire Brazilian supermarket chain Prezunic for R$875m ($494.4m), after days of rumors regarding the transaction. Considering working capital and debt adjustments of R$189m under the terms of the deal, the net payment for the company assets comes to R$685m, Cencosud said in a statement. Company officials declined to comment further on valuation details or which institutions advised on the transaction. Chile’s retail chain has made no secret

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