March 6, 2019 |
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
Chilean retail group could raise $1bn from the sale of shares in its shopping malls business, source says