Latest Banco Cencosud News
May 21, 2018
Payet, Rey, Cauvi, Pérez and García Sayán advised on the deal Scotiabank Perú S.A.A., operating as a subsidiary of Scotiabank signed a contract with Cencosud Perú S.A. in order to acquire 51% interest in Banco Cencosud S.A. for $101.7 Million. Scotiabank Peru attracts deposits and offers retail and commercial banking services throughout Peru. The bank, led by Miguel Uccelli Labarthe, Ernesto Viola and Cesar Ernesto Calderon Herrada, in 2017 recorded $1.886 Million Revenues. Cencosud SA is a multi-brand retailer in South America. The Company, led by Horst Paulmann Kemna, Jaime Soler and Rodrigo Larrain Kaplan, operates through a number of formats, including supermarkets, home improvement stores, shopping centers and department stores. Payet, Rey, Cauvi, Pérez advised Scotiabank Perú S.A.A. with Susan Castillo (Picture), Carla Sinchi Tuesta and Gonzalo Gibaja Aucapuri. García Sayán advised Cencosud Perú S.A. with Luis Gastañeta, Rossana Rodríguez, Alfonso Tola and María Soledad Gastañeta.