Carulla Vivero Chooses Exito

Colombia's second-largest retailer Carulla Vivero has selected market leader Almacenes Exito as its strategic partner. Exito has agreed with Carulla shareholders to acquire 22.4% of the firm's total shares at US$15.79 each, thus putting an end to the tender battle which was also contested by Chile's Cencosud, France's Carrefour and US-based

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