Business
Cencosud S A : announces a Material Event
Cencosud S A : announces a Material
About this update from Cencosud S.a.
CENCOSUD ANNOUNCES AGREEMENT TO ACQUIRE MAKRO OPERATIONS IN COLOMBIAThis transaction strengthens Cencosud's presence in Colombia by expanding its established Cash & Carry operations and generating potential operational synergies. Santiago, Chile. June 26, 2026 - Cencosud S.A. (BCS: CENCOSUD; "Cencosud" or the "Company") announced today that it has entered into an agreement with SHV Interholding AG to acquire, through its Chilean subsidiary Cencosud Internacional SpA., 100% of the shares of Makro Supermayorista S.A.S. ("Makro"), a leading Cash & Carry operator in Colombia. Under the terms of the agreement, Cencosud will pay approximately USD 158 million to acquire the business, subject to customary adjustments based on cash, debt, working capital, and other variables at closing. The transaction is subject to customary closing conditions, including approval from Colombia's antitrust authority (Superintendencia de Industria y Comercio) and is expected to be funded with the Company's own resources. Makro has operated in Colombia for more than 25 years in the Cash & Carry segment, with a network of 21 stores, most of which are owned, and presence in 16 cities, including Bogotá, Barranquilla, Medellín, and Cali. The Company also offers a portfolio of private-label brands that are a core component of its value proposition. Through this acquisition, Cencosud will strengthen its footprint in Colombia by expanding its existing Cash & Carry operations, reinforcing its multi-format strategy and generating opportunities for operational and commercial synergies across its platform. About Cencosud Cencosud is one of the largest and most prestigious retailers in the Americas with a purpose to serve extraordinarily at every moment. It operates in six countries, with more than 115,000 employees, 1,396 retail stores totaling over 3.5 million m² of sales area, and 68 shopping centers with more than 2.4 million m² of gross leasable area (GLA). Its multi-format strategy spans Supermarkets, Home Improvement, Department Stores, Shopping Centers, and Financial Services. In addition, the company drives innovative business lines such as Cencosud Media and Private Labels, integrating technology to enhance the customer experience. More information is available at www.cencosud.com. For Investor Relations, contact: Irina Axenova, [email protected] Oscar Bentjerodt, [ema...