Cencosud mulls acquisitions in Brazil

Cencosud mulls acquisitions in Brazil

Corporate & Sovereign Strategy IPO M&A Retail shopping Capital Markets Latin America Chile Brazil

Chile's Cencosud, one of the biggest retailers in Latin America, said it is considering acquisitions in Brazil to fuel its growth in Latin America's largest economy, where it may revive plans to raise money through an initial public offing (IPO) as soon as conditions improve. The Santiago-based retailer said the potential acquisitions in Brazil would be designed to improve its "competitive position and achieve economies of scale" in areas such as back office and purchases, according to a company

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