Cencosud moves ahead with IPO plans

Cencosud moves ahead with IPO plans

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income IPO Equity Chile

Chile's Cencosud is pressing ahead with plans to carry out an IPO for its shopping malls division in April, LatinFinance has heard. "They are getting ready to do a $1bn IPO," said an equity capital markets banker in New York. "There is a large local investor community in Chile that can easily absorb any deal, and the Chilean market has been doing very well," he added. Cencosud Shopping Malls has not published a prospectus for the upcoming share sale, but it has hired JPMorgan and Bank of America

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