Cencosud Faces Fresh Opposition In Bid For Exito Stake

The odyssey of Chilean retailer Cencosud's efforts to gain a stake in Colombian retailer Almacenes Exito took another turn following remarks by the president of Exito investor Suramericana de Inversiones (Suraminv) that 'it would be difficult to come to an agreement' with two large international players in Exito's shareholding base. The fate of Cencosud's latest bid to enter the Colombian market should become clear in the beginning of

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