Cencosud Trys Again With Exito

Chilean retailer Cencosud has made another move to acquire shares in Colombia’s largest supermarket chain Almacenes Exito, which is currently in the process of completing its $430 million acquisition of local rival Carulla Vivero. Cencosud has agreed to acquire 6.05 million shares in Exito being sold as part of its stock offering to raise funds for the Carulla purchase. Earlier this month, Exito announced its was offering 24.7 million shares, or 12% of the total share capital.