The Chilean group has launched an Initial Public Offering (I.P.O.) of the shopping centres unit. The shopping centre division represents 2% of Cencosud’s revenues and 23% of adjusted E.B.I.T.D.A. The Company plans to complete this I.P.O. by April 2019. The transaction will be used to strengthen the Company’s balance sheet and support the development of the Shopping Centres business. Operating in Chile, Argentina, Peru and Colombia, Cencosud owns 54 shopping centres and 782,545 square
…Cencosud announce an I.P.O. for shopping centres
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