Chilean Anti-monopoly Regulator Gives Cencosud Green Light

Chilean anti-monopoly commission (TDLC) has ruled that the country’s second-largest retail chain, Cencosud, can proceed with its acquisition of smaller supermarkets Economax and Infante, following a suspension of the deals last month. The Commission ruled that Cencosud, which operates the supermarket chains Jumbo and Santa Isabel, can proceed with its $60 million offer to buy 12 Economax stores in the metropolitan region as well finalizing a deal for $34 million to buy four Infante stores in Chile’s II Region, in the north.