Imports of consumer goods rose 37% in February

Imports of consumer goods in February soared 37% year on year, posting their highest growth in the last 10 years, according to a report issued by the Santiago Chamber of Commerce (CCS). This completes three consecutive months of positive figures after poor results due to the pandemic, a situation that has been reversed due to the temporary increase in household incomes, the partial recovery of employment and improved business expectations of sales growth.

Chile now hoping to launch concession tenders worth $4.7 bn in 2021

Chile’s public works ministry (MOP) has raised its target for concession tenders this year from $3 billion to $4.7 billion, with contracts involving 16 projects up for grabs. The first tender was launched last week with the new concession for the Ruta 78 highway, worth $840 million, while another six highways concessions are scheduled to be auctioned in 2021.

SMU revenues up 6.9% in the fourth quarter

SMU reported a 6.9% increase in revenues in the fourth quarter, and a 9.1% growth in equivalent store sales, driven by improvements at Unimarc (7.7%), wholesalers (12.9%) and OK Market (27.2%). Club Alvi Wholesale grew 23.3%, reaffirming its good performance throughout 2020. SMU's net income in the fourth quarter of 2020 improved 91.2% compared to the same period of the previous year.

Enel formally initiates bid for 10% of shares in subsidiary Enel Américas

Italian firm Enel has formally launched a voluntary public tender offer for the acquisition of up to 7,608,631,104 shares issued by its subsidiary Enel Américas S.A., equivalent to 10% of its current share capital. The offer is conditional on the effectiveness of the merger by incorporation of Enel Green Power Américas into Enel Américas, which will take place on 1 April.