Chile’s Cencosud may seek $2 bln cap hike – source

SANTIAGO, April 12 (Reuters) – Chilean diversified retailer
Cencosud (CEN.SN: Quote, Profile, Research) will propose to shareholders a three-year
capital increase worth up to $2 billion, a source close to the
deal said on Tuesday.

However, the source said the capital increase would be just
one of the options to get financing that could also come from
the company’s own resources, issuing bonds or bank loans.

Cencosud said last month its profit rose 21.6 percent in
2010 to 296.261 billion pesos (around $632.5 million) as
domestic demand recovered from the global financial crisis.
(Reporting by Antonio de la Jara, editing by Gerald E.
McCormick)

Chile’s Cencosud may seek $2 bln cap hike – source