Almacenes Éxito COl$3.5 trillion acquisition finance

Overview:

• Almacenes Éxito has taken out a COl$3.5 trillion loan to finance its acquisitions from a syndicate of Colombian banks.
• The loan is significant both for the value and for the fact that it was granted entirely by Colombian banks.
• The acquisitions included the purchase of a majority stake in Libertad and of Grupo Pão de Açucar from Grupo Casino.
• The syndicate included Bancolombia, Banco de Bogotá, Banco Davivienda, Banco de Occidente, Banco Popular and Banco AV.

Rani Mehta - Journalist