Cencosud Boosts Colombian Presence

Cencosud Boosts Colombian Presence

Chile Colombia M&A

Chile’s Cencosud has agreed to buy Carrefour’s Colombian business, it says, spending EUR2.0bn ($2.6bn) to gain about 18% of the country’s supermarket sector. The transaction is the latest example of a foreign player entering Colombia’s high-growth economy, and follows notable deals in the financial sector. Carrefour’s operations are second only to Grupo Exito, in a market with plenty of growth opportunity. “Retail has been a very attractive segment for foreign investment and is a sector that can

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