Cencosud Announces Increase In Investment, BMI Expects Brazil To Be Major Focus In 2011

Citing a company presentation, Santiago-based investment bank Celfin Capital has reported that Chilean retail giant Cencosud is planning to invest US$1bn during 2011 to fund expansion. This would represent a significant jump on the US$700mn invested during 2010 and is in line with an uptick in global business confidence, and a particularly strong recovery in the emerging markets of Latin America. With Cencosud operating across many of the most attractive Latin American markets, a key question is where the firm will target this investment and BMI expects Brazil to receive the largest amount of capital during the

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