Cencosud Acquires Makro in Colombia for $158M to Boost Wholesale Business

Key Facts

1Cencosud announced the acquisition of 100% of Makro Supermayorista in Colombia for US$158 million, fully financed from its own resources.

2Makro operates 21 stores in 16 Colombian cities and has been in the market for over 25 years.

As Latin America sees a wave of retail consolidation, Chilean retailer Cencosud announced the full acquisition of Makro Supermayorista in Colombia for US$158 million, fully financed from its own resources. Makro operates 21 stores in 16 Colombian cities and has been in the market for over 25 years. The deal aims to strengthen Cencosud's wholesale Cash & Carry segment.

The acquisition supports Cencosud's regional expansion without adding debt, leveraging Makro's established Colombian network. The Cash & Carry format is a growing segment in Latin America, with major chains diversifying distribution channels. This deal ranks among the most significant retail M&A in Colombia this year, according to economic reports.

Cencosud has disclosed no further financing plans, reflecting a strong balance sheet. Investors will monitor the speed of integrating the new stores and realizing operational synergies. If successful, this move could pave the way for additional acquisitions in the region.