Cencosud sets up IPO for Brazilian business

Cencosud sets up IPO for Brazilian business

IPO Corporate & Sovereign Strategy Andean Brazil Chile Latin America

Chile's Cencosud said its board unanimously approved plans to sale shares in the retail company's Brazilian unit between March and July of next year, joining a flurry of initial public offerings (IPOs) in South America's largest economy. The company will start the process to sell a "minority percentage" in the Brazilian business, which operates the Bretas, GBarbosa and Prezunic supermarket chains and Perini delicatessens, according to a securities filing. "The resulting funds will be used to str

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