Best Corporates: Birth of a champion

Best Corporates: Birth of a champion

Corporate & Sovereign Strategy Chile Andean

For Cencosud, it was a “perfect fit”, says CEO Daniel Rodríguez. In October, the Chilean retailer cemented its hold in the Colombian market with the €2 billion ($2.6 billion) purchase of French multinational Carrefour’s assets in the country. For Cencosud, the appeal was a strong brand and the fact that the target stores came with around 80% of the accompanying land. The deal also meant the prospect of owning 18% of the Colombian supermarket sector. On its own, the transaction was an impressive example of a Latin champion extending and consolidating its reach. Coupled with a sophisticated capital markets strategy to finance the acquisition, the company glides to a win as the Andean corpo

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