Chilean supermarket operator Cencosud has said it and three investment partners have agreed a deal to buy the Argentine operation of Dutch retailer Ahold for US$315m.


Cencosud said that when the deal is completed it will own 62% of Disco, while its investment partners, Capital International, AIG Capital Partners and International Finance Corporation, will own the rest, reported Reuters.


Following the acquisition, Cencosud will operate Argentina’s second-largest supermarket chain with a 22% market share, with estimated 2004 sales of $3bn.


Cencosud said it expects the deal to be completed within six months, pending approval from Argentina’s competition authorities.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.