UBS Takes 40% of Jumbo

UBS Takes 40% of Jumbo

Argentina Chile Equity Funds

Chilean retailer Cencosud says UBS has agreed to acquire a 38.6% stake in its Argentina unit Jumbo Supermarkets for $442m plus an undisclosed fee over the next 2 years. UBS will buy the stake from PE funds Capital International, GEM, Palermo Argentin

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