Chile's Cencosud agrees to acquire Brazil's Bretas

10/18/2010 | Bloomberg

Cencosud, the largest retailer in Chile by sales, will pay $814 million to acquire Brazil's Supermercados Bretas, which includes 62 supermarkets, 10 service stations and three distribution centres. The acquisition, the largest for Cencosud Chairman Horst Paulmann in five years, will double the Chilean retailer's presence in Brazil.

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