Chile’s Unimarc Owner SMU Seeks Approval to Buy Ahorra Discount Stores
SMU, the Chilean group behind Unimarc, has asked competition regulators to approve its purchase of Ahorra Food Depot, a six-shop discount chain in Santiago. The post Chile’s Unimarc Owner SMU Seeks Approval to Buy Ahorra Discount Stores appeared first on The Rio Times .
Chilean supermarket group SMU is seeking approval to acquire a six-shop discount chain called Ahorra Food Depot. The company filed for competition clearance on September 22, but the price of the purchase has not been disclosed. SMU, which already owns Unimarc supermarkets, would gain its first hard discount stores in Chile with this acquisition.
The Chilean competition prosecutor, the Fiscalía Nacional Económica, has opened an investigation into the deal, treating it as a concentration operation. Ahorra stores have been operational since October 2023, with six shops currently in Santiago's metropolitan region. The discount format, popular in Germany and Spain, is still new to the Chilean market.
SMU aims to leverage the purchase as part of its multi-format strategy to expand rapidly in the discount sector.
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