Falabella may reduce asset sale in Argentina

Falabella may reduce asset sale in Argentina

Corporate & Sovereign Strategy M&A Andean Latin America South America Argentina Chile Coronavirus

Chile's Falabella, the largest chain of department stores in South America, has stalled the sale of its business in Argentina and could remove the Sodimac chain of home improvement centers from the deal, a person close to the process said on Wednesday. This means the company may only sell its Falabella chain of department stores in the country, the source told LatinFinance on the condition of not being named. "We don't know yet if they are going to sell Sodimac or not," the source said. In Septe

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