SMU S.A. announced that it has received $49.8 million in funding from Temasek Holdings Limited
January 22, 2018
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SMU S.A. (SNSE:SMU) announced that it has received $49.8 million in an equity round of funding from new investor, Temasek Holdings (Private) Limited on January 23, 2018. The investor acquired 3% stake in the company.
SMU SA is a Chile-based company primarily engaged in the food retail. The Company's activities are divided into two business segments: Supermarkets and Construction supplies. The Supermarkets division focuses on the sale and distribution of grocery and other non-food products through various supermarket chains in Chile and Peru, such as Unimarc, Mayorista 10, Alvi, Mayorsa and Maxi Ahorro. It also operates convenience stores under the OK Market brand name, as well as offers Internet and telephone shopping under the Telemercados brand name. The Construction supplies division is responsible for the retail of building materials in Chile through the Construmart and Ferrexperto stores. The Company owns a number of subsidiaries, including Inversiones SMU SpA, Omicron SpA and Corp Fidelidad SA, among others.
SMU S.A. 
