Colombia's Exito weighs Uruguay retail chain buy

BOGOTA, June 29 Wed Jun 29, 2011 6:04pm EDT

BOGOTA, June 29 (Reuters) - Colombian No. 1 retail chain, Almacenes Exito IMI.CN, said on Wednesday its board was considering the purchase of a Uruguayan supermarket chain majority owned by France's Casino (CASP.PA).

In a letter to Colombia's securities regulator, it said it was also weighing issuing up to $1.4 billion in shares to fund its expansion plan, including international acquisitions.

To evaluate the contemplated acquisition, Exito said that it was being advised by J.P. Morgan Securities and Barclays Capital. (Reporting by Bogota newsroom) (walker.simon@thomsonreuters.com)

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