Overview

• Deutsche Bank received seven non-binding proposals and is set to notify which bidders advance in the coming hours.
• The field comprises three strategic operators already active in the market and four investment funds seeking a foothold.
• The seven named bidders are Coto, GDN (Francisco de Narváez), Cencosud, Klaff Realty, Sophia Capital, Newsan and Intercorp.
• Shortlisted candidates will gain access to due diligence before submitting binding offers.
• Sources say the mid-November target for final bids could be delayed, with Coto openly eyeing hypermarkets and Newsan having filed an offer despite earlier signals it would not.