Chilean retailer Cencosud has said that it will pay around US$100m for Ahold’s 97% stake in Chilean supermarket chain Santa Isabel, a third less than originally estimated.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Cencosud, which operates the Jumbo supermarket chain, agreed a deal with Dutch retail giant Ahold last February to buy Santa Isabel, when the price was around $150m.

“The approximate total (for the deal) will be around $100m,” Cencosud chief executive Laurence Golborne was quoted by Reuters as saying.

The sale was initially expected to close in April but was delayed when Ahold revealed a $1bn accounting scandal.

Golborne said the deal would now close as soon as Santa Isabel is delisted from the Santiago Stock Exchange.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

“I think it will be a question of days,” he added.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now