Chilean Investor buys 25% of EXITO for US $250 Million

There was a recent posting by.... I don't remember, who asked about investing in Exito, the largest colombian retailer. Well, it looks like he/she was onto something, in today's news they announced that a chilean investment group bought 25% of Exito, they paid 250 million dollars, that means the company's market cap is 1 billion dollars.

This means also that Exito is owned now by Casino (about 30%), Cencosud (25%) and the rest by colombian investors. The company's headquarters in located in Medellin.

It's interesting to note that most of that 25% stock was owned by one single family, the Toro family, they were the original founders of Exito in the 70s.

This is a link to the news (in spanish)

http://www.elcolombiano.com.co/BancoConocimiento/C/chilenos_compran_25_del_exito_por_us$250_millones/chilenos_compran_25_del_exito_por_us$250_millones.asp

By ColombiaBoard on Oct 19, 2006, 09:37 in Friendly Talkzone.

goin_south says on Oct 19, 2006, 12:46: CB thanks; and, what did that stock do today, then? Up or down? I would think up. I am going to read that link/article. I am not sure still how to find a quote for Exitos. Only on the Colombian Market, I would guess. That would maybe be another good category to keep here, Peter: Investments (Colombian-related). 0 funny, 0 helpful.

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