BRAZIL: Cencosud to acquire Supermercados Bretas
Chilean retailer is set to acquire Brazilian operator Supermercados Bretas
Chile's largest grocery retailer Cencosud has agreed to acquire Brazilian operator Supermercados Bretas, in a deal worth BRL1.35bn (US$808m).
The deal will mean that Cencosud will acquire 62 supermarkets, three distribution centres and 10 service stations.
According to a filing with the Chilean Securities Regulator, Bretas may see sales rise to BRL2.5bn in 2010 from BRL2.1bn in 2009.
"With this strategic acquisition Cencosud enters the states of Minas Gerais and Goias, consolidating its position in Brazilian supermarkets," the statement said.
Chile-based retailer Cencosud has reported a 23.8% rise in 2010 net income on the back of higher sales across its different store formats....
- Interview part 1: BRF CFO Augusto Ribeiro
- BRICs: The thinking behind Mondelez's Vietnam deal
- Comment: Why Gardein is Pinnacle's ideal fodder
- Deal or no deal: Should Danone buy Mead Johnson?
- Focus: Can BRF deliver aggressive growth?
- Kellogg trumps Abraaj bid for Bisco Misr
- Danone, General Mills, Chobani "mislead parents"
- Raisio buys UK, Ireland and Belgium Benecol ops
- Wrigley opposes Perfetti Van Melle "WTF" TM
- Dutch confirm second bird flu outbreak
- Early Signals: future scenarios that will drive consumption and product innovation over the next five years
- Dairy Product Production in China
- Energy Bars Market in Canada: Market Profile to 2017
- The Snackification of Breakfast
- PepsiCo, Inc. : Consumer Packaged Goods - Company Profile, SWOT & Financial Report