Casino Considers Blocking Cencosud's Exito Bid

BMI understands that French retail group Casino may block a bid by Chile's Cencosud for a minority stake in number one Colombian retailer, Almacenes Exito. Cencosud in October signed a deal with Exito shareholder Grupo Toro, which participates in a pact with three other groups of shareholders, to buy its 24.5% in Exito for some US$270mn.

To read the full article, please choose one of the following options: