DEAL: Cencosud buys Brazil’s St. Marche amid supermarket’s restructuring
Upon closing, Cencosud will acquire the entirety of St. Marche’s operations spanning the state of São Paulo – adding to its existing portfolio of Brazilian supermarket chains, which includes Giga Wholesale, Prezunic, Bretas, GBarbosa and Spid.
Completion of the deal is subject to approval from Brazil’s antitrust watchdog – CADE – and the successful completion of St Marche’s ongoing recuperação judicial (RJ) proceedings. The retailer filed for RJ shortly after agreeing to the sale to Cencosud, following the collapse of an earlier out-of-court recuperação extrajudicial (EJ) restructuring, which was launched in April 2025 and later suspended amid objections from its creditors.
Click here to access the deal published at Latin Lawyer.