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Chile’s largest retailer reveals ‘possible’ merger/acquisition to grow in Brazil

RIO DE JANEIRO, BRAZIL - Cencosud, the largest retail company in Chile and the third largest listed retail company in Latin America, could complete a new purchase in Brazil. The Paulmann family-controlled company announced a presentation to investors, highlighting that in the third quarter, the company posted its highest annual sales since 2015 and a double-digit Ebitda margin, the best in a decade.

Regarding its business in Brazil, the company said it is "seizing opportunities" through its wholesale format, also known as cash & carry.

The company pointed out that in the third quarter of the year, 27 of . . .

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