July 24, 2016 3:49 AM ET

Food and Staples Retailing

Company Overview of SMU S.A.

Company Overview

SMU S.A. operates various supermarkets in Chile. The company operates supermarkets under the Unimarc, OK Market, and Telemercados names. It is also involved in the operation of wholesale stores under the Alvi and Mayorista10 names. The company is based in Las Condes, Chile.

Cerro El Plomo 5680

piso 11

Las Condes,  

Chile

33,907 Employees

Phone:

56 22 818 8000

Key Executives for SMU S.A.

General Manager
Corporate Manager of Administration and Finance
Corporate Manager of Operations
Corporate Manager of Development and Investments
Corporate Manager of Human Capital
Compensation as of Fiscal Year 2016.

SMU S.A. Key Developments

SMU To Sell 21 Mayorsa Supermarkets

SMU S.A. has confirmed plans to sell its 21 Mayorsa supermarkets in Peru within the next few months. SMU explained that the offers received so far for the acquisition of these establishments were not enough to pay back existing loans. The company has now reached an agreement with banks to delay the due date of these loans until June 30, 2020. This expanded period will enable SMU to find better deals for its Mayorsa chain in Peru, which includes seven Mayorsa supermarkets, 13 Maxi Ahorro establishments and one Maxibodega store.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
December 30, 2015
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