Chinese fund buys Colombian retail chain

Chinese fund buys Colombian retail chain

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Chinese investment firm Joining Futures Capital International has acquired the troubled Colombian discount retailer Justo & Bueno for an undisclosed amount, according to press reports. Justo & Bueno, which was previously part of the Panamanian retail group Grupo Reve, started a restructuring process in January to avoid liquidation, local newspaper La República reported. Joining Futures will pay off all Justo & Bueno's debt by May 10 as part of the transaction, the newspaper said. Blo

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