Milbank previously advised Cencosud in its IPO and in the 2015 two-tranche $1 billion bond offering
Milbank LLP represented leading Latin American retailer Cencosud (NYSE:CNCO) and Inversiones Tano Limitada in the $450 million secondary offering of common stock.
The offering of Cencosud’ s common stock and American Depository Receipts represents 6% of Cencosud’s total outstanding common stock. The price to the public was Ch$1,750.00 per share or US$8.07 per ADS.
Cencosud operates a combination of popular department stores, home improvement and hardware stores, shopping centers, and supermarkets, primarily in Chile, Argentina, Brazil, Peru, and Colombia.
The Milbank deal team was led by partner Marcelo Mottesi, along with associates Sam Badawi, Kaveh Namazie and Elizabeth McNichol. The team also included Tax partner Andrew Walker and associate Jules Mugema.
Mr. Mottesi, head of Milbank’s Global Capital Markets practice and a member of the firm’s Latin America Group, said: "Milbank is pleased to once again represent Cencosud and its shareholders in another milestone transaction."
Milbank has previously advised the company on several significant transactions, including its IPO and its 2015 two-tranche $1 billion global debt offering pursuant to Rule 144A and Regulation S.
