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Cencosud SA Announces Further Details On Buying Business In Colombia From Carrefour SA

Thursday, 18 Oct 2012 06:00pm EDT 

Cencosud SA announced that it proceeded with signing the contract with Carrefour SA's subsidiary, Carrefour Nederland BV, under the name "Share Purchase Agreement". According to the agreement, Cencosud SA will acquire from Carrefour Nederland BV 100% participation in Dutch companies Colombia Holdings Alpha BV, Colombia Holdings Thalie BV, Colombia Holdings Calliope BV, Colombia Holdings Uranie BV and Colombia Holdings Coledim BV, as well as 100% participation in Colombian companies Grandes Superficies de Colombia SA and Atacado de Colombia SAS for the amount of EUR 2,000 million. In order to proceed with transaction Cencosud SA signed a loan agreement with JP Morgan Chase Bank for the amount of USD 2,500 million. The operation is expected to be finalized until December 31, 2012. 

Company Quote

-0.25 -0.94%
20 Aug 2014