Cencosud Remains Committed To Peru Following Humala's Victory

Chile-based retailer Cencosud has revealed that it remains committed to Peru following the election of left-leaning President Ollanta Humala. The firm had planned to invest US$220mn in Peru during 2011 and the firm's President Horst Paulmann stated that it will follow through with this because it was 'betting on Peru'. This sentiment is in line with our view that the risks associated with a Humala victory have been to some extent overblown and that it looks increasingly likely that the new government will pursue a much more moderate economic policy path than had originally been

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