Chilean retailer Cencosud is reportedly planning to join together with Capital International, AIG Capital Partners and the International Finance Corp to buy Ahold’s Argentine supermarket chain, Disco.

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The three investment groups would provide 50% of the purchase price, while Cencosud would provide the remainder, reported Dow Jones News, citing a Cencosud spokesman.


After the purchase, Disco would be merged with Cencosud’s Argentine supermarket chain, Jumbo. Cencosud expects the purchase to be finalised by the end of the year.


Although the price of Disco has not been revealed, analysts believe it is worth between US$200m and $350m.

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