The wholesale chain Makro, one of the most important in the country, announced that it was leaving due to the economic recession, with its 24 branches being put up for sale.
The company, which is owned by the Dutch HSV group, granted a sales mandate to an international bank operating in Argentina and began negotiations with potential buyers, including players in the wholesale business chains and supermarkets.
The private Dutch group aims to get at least $200 million from the sale of its assets.
Makro operates 24 wholesale supermarkets in ten provinces and competes in the sector with other national chains such as Maxiconsumo, Diarco, Vital and Yaguar.
The chain began its operations in Argentina in 1988, with a supermarket in Olivos, in collaboration with the businessman Francisco de Narváez, who controlled the Tía chain at that time.
Previously, Makro had already reduced its presence in Latin America, having divested in Peru, Venezuela and Brazil.