Beleaguered Dutch retailer Royal Ahold will finalise the sale of its Chilean subsidiary Santa Isabel next week.

Santa Isabel’s new owner is Paulmann, the Chilean group that already operates the Jumbo supermarket chain. The deal is valued at approximately US$150m and involves both Santa Isabel’s assets (76 outlets in Chile) and acquisition of its debt.

Jumbo will thereby double the size of its market share in Chile from 9.63% to 19% and become Chile’s second-largest supermarket group behind D&S, still way ahead with a market share of 30.38%, reports SABI.

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