ABC Din Rumored Canceling Offering

Chilean investment bank LarrainVial confirms it is working on the preliminary stages of an IPO for retailer ABC Din, but declines to confirm talk that the company has decided to halt the deal. This comes in the in the wake of local market volatility caused by the recent implosion of fellow retailer La Polar under allegations of unauthorized practices in the management of its credit portfolio. ABC was reported to have been considering a sale of 25% of the company.