(E
Cencosud
XUES
ESSENTIAL FACT
CENCOSUD S.A.
Registration of Securities Registry No. 743
Santiago, July 01, 2022.
Mrs. Solange Berstein Jáuregui,
Chairman of the Financial Market Commission,
Avenida Libertador Bernardo O’Higgins N° 1449,
Santiago.
Ref.: Communicates essential fact.
From our consideration:
In compliance with the provisions of Article 92 and second paragraph of Article 10, both of Law No. 18,045 and General Rule No. 30 of the Superintendence of Securities and Insurance, today the Commission for the Financial Market, we inform you. with respect to the following Essential Fact relating to the company Cencosud S.A. (the “Company”):
In relation to the Essential Fact issued by the Company on May 5, 2022, by which it was announced the conclusion of an agreement between the shareholders of the Giga group and Cencosud Brasil Comercial S.A. for the acquisition of 100% of the company GIGA BR DISTRIBUIDOR E ATACADISTA LTDA. (“GIGA”) and its parent company, AFN PARTICIPACOES LTDA. (AFN), Brazilian limited liability companies (the “Transaction”), it is reported that having obtained the authorization of the Administrative Council of Economic Defense of Brazil to carry out the Transaction, and having fulfilled all the conditions contemplated in said agreement, today the closing of the process has been held, assuming Cencosud, consequently, control of such companies, through its subsidiary Mercantil Rodrigues Comercial Ltda.
We recall that GIGA Atacado operates in the State of Sao Paulo through 10 well-located stores and a Distribution Center. It has more than 1,300 employees, and its annual gross sales exceed R$1.5 billion.
By virtue of this acquisition, Cencosud, through this new subsidiary, has entered the Sao Paulo market with the Cash & Carry format, a state where Cencosud does not yet operate.
For all the above, it is expected that this acquisition will have a favorable result in the consolidated results of Cencosud, without being able to quantify it with precision at this date.
Yours sincerely yours,
Matías Videla Solá
General Manager
Cencosud S.A.
ee: Santiago Stock Exchange
Electronic Stock Exchange
Representative of the Bondholders.
Link to the file in CMFChile: https://www.cmfchile.cl/sitio/aplic/serdoc/ver_sgd.php?s567=2cc9580960df4d60479c128d16cebb3fVFdwQmVVMXFRVE5OUkVreFRrUnJOVTFCUFQwPQ==&secuencia=-1&t=1682376108
