Cencosud S.A. has acquired Supermercados Mayoristas Makro and Roberto Basualdo for USD 122.5 million, marking its entry into the wholesale market in Argentina.

Information on the Target

Cencosud S.A. has successfully acquired Supermercados Mayoristas Makro S.A. and Roberto Basualdo S.A., marking its expansion into the wholesale sector, or Cash & Carry format, in Argentina. This acquisition grants Cencosud 100% ownership of both companies, which operate 28 stores across 12 cities and 10 provinces in Argentina, including key locations such as Buenos Aires, Santa Fe, and Córdoba.

With over 35 years of experience in the Argentine market, both Makro and Basualdo boast a strong brand loyalty aided by their own private labels. The acquisition is valued at approximately USD 122.5 million and will be financed entirely through Cencosud's available resources.

Industry Overview

The Argentine retail industry has shown resilience despite economic fluctuations, fueled by evolving consumer preferences and increasing demand for convenience and variety. The Cash & Carry format has been g