Cencosud agreed on 26 June to acquire Makro Supermayorista, the Colombian cash-and-carry chain owned by the SHV group, for about m.
Why Cencosud S.A. is buying Makro Supermayorista S.A.S. (Makro Colombia)
Cencosud said the deal strengthens its presence in Colombia by expanding its cash-and-carry operations. After closing the stores will trade under Metro, Cencosud's wholesale format, LexLatin reported.
Deal terms and financing
The price is subject to customary adjustments for cash, debt and working capital. Cencosud is financing the deal entirely from its own resources.
Regulatory approvals and timing
Completion requires customary conditions including approval from Colombia's Superintendencia de Industria y Comercio. Cencosud lifted the confidentiality it had notified to Chile's CMF on 29 May when it disclosed the agreement.
Market context
Makro has traded in Colombia for more than 25 years and serves professional customers and entrepreneurs from 21 stores in 16 cities.
