Chile’s Cencosud continues its expansion in Brazil after acquiring a chain in São Paulo

The Chilean firm acquired the ten stores and the distribution center of the Brazilian company, Giga Atacado.

RIO DE JANEIRO, BRAZIL - Cencosud announced that it would purchase 100% of the Brazilian chain, Giga Atacado, for almost US$100 million. The transaction will mean that the Chilean company will expand its presence in Brazil and begin operations in São Paulo City.

"By this acquisition, Cencosud, through this new . . .

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