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Cencosud Places 6% Of Its Shares On The Market

Author:Latin Lawyer
Profession:Carey
 
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The New York office of Milbank, Tweed, Hadley & McCloy LLP and Morales & Besa in Santiago have helped Chilean retailer Cencosud make a secondary offering of common shares and American depository shares (ADRs) collectively worth US$458 million. Cencosud's controlling shareholder, the Paulmann family, offered more than 170 million shares locally and in New York on 15 July. The offering, which represents 6 per cent of Cencosud's stock, closed on 17 July.

JP Morgan Securities acted as bookrunner for the international offering with counsel from the New York and Washington, DC, offices of Shearman...

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