Cencosud enters US market with acquisition

Cencosud enters US market with acquisition

M&A Debt Brazil Chile United States Retail shopping

Chile's Cencosud, one of the largest retailers in Latin America, said late Tuesday that it reached an agreement to buy 67% of US premium supermarket chain The Fresh Market for $676 million, gaining a foothold in the United States after expanding in Brazil only days earlier. Santiago-based Cencosud said it will buy the stake from Apollo Global Management, a New York-based investment firm that in 2016 acquired the NASDAQ-traded The Fresh Market and took it private. The deal is structured so that C

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