US retail giant Wal-Mart today (23 January) confirmed that it has been successful in its tender offer to acquire a stake in Chile’s largest food retailer Distribucion y Servicio D&S.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Wal-Mart will acquire a controlling stake of 58.2% of the outstanding shares in D&S.


Felipe Ibanez Scott and Nicolas Ibanez Scott will collectively retain approximately 40.1% of D&S shares, leaving around 1.7% of the company held by the public.


“Partnering with D&S, with its strong brands and its position as Chile’s largest food retailer, is an important step in implementing Wal-Mart’s international strategy,” Craig Herkert, Wal-Mart EVP and CEO of the Americas, said. “We continue to focus on portfolio optimisation, global leverage and winning in every market.”


The final results of the tender, including the actual number of shares tendered to Wal-Mart, will be published in a Notice of Results in Chile this Sunday (25 January).

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.

D&S operates more than 180 outlets in the market, generating net revenues of US$3.8bn last year.  The company runs a number of different formats including Hiper de Lider hypermarkets, Express de Lider supermarkets, Super Bodega Acuenta and Ekono convenience stores.


Commenting on the news, Enrique Ostale, CEO of D&S, said: “By combining our local retailing knowledge with Wal-Mart’s global expertise, we will create additional growth opportunities for our company and for our associates. We will also be able to deliver to our customers a broader selection, better quality and lower prices.”