Cencosud Plans Follow-on

Chilean retailer Cencosud plans to sell as much as $2bn in new shares to help finance growth, according to an announcement for a shareholder meeting proposing the plan. The company has scheduled an April 29 meeting, but does not give any more details. Cencosud officials could not be reached for further comment. Cencosud closed Tuesday at CLP3,333, down 4.82%.