Supermercados Del Sur Could Use IPO To Take Advantage Of Strong Growth In Chilean Retail

Chilean supermarket chain Supermercados del Sur is considering launching an initial public offering to fund expansion. The firm is owned by Latin Private Equity firm Southern Cross Group and a partner from the group revealed that a decision would be made in the next 18 months. Such a move could help fund new stores, while Southern Cross also said that the company is considering entering the real-estate and credit card sector. The decision to raise extra capital would allow to the firm to take advantage of the strong growth in the domestic retail sector and can also be seen as a response to the market entry of Wal-Mart, which is investing heavily and increasing the level of competition.

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