Intercorp, one of Peru’s largest lenders and retailers, is on a roll.
After a successful IPO launched in September for its retail wing, the company owned by Peru’s tycoon Carlos Rodríguez-Pastor has now received the green light from the Andean country’s regulator to create a private pension fund, AFP Interactiva. Read more
Peru’s impressive growth has been boosted, in big part, thanks to consumer spending on the back of consumer credit. That is palpable while strolling around the crammed -and noisy- streets of Peru’s capital, Lima, where is quite hard not to spot an Inkapharma drugstore or a Plaza Vea supermarket.
Now Intercorp, one of the Andean country’s largest lenders and retailers which owns those popular brands, is planning to raise $400m from an initial public offering, for its supermarket and shopping centre arm, InRetail. Read more