Cencosud Plans $2B Share Sale

Chilean retailer,Cencosud, has unveiled plans to sell nearly $2 billion of new shares to help finance growth,金融时报》reports. Cencosud, which also has operations in Brazil, Argentina, Colombia and Peru, is required to use at least 10% of the capital increase for employee stock options.

The company has nearly three years to carry out the capital increase, which is equal to about 12% of its current market capitalization. The company will be investing $1 billion in Latin America this year.

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