Chile's Cencosud says expects $400 mln in investment this year

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SANTIAGO, Jan 12 (Reuters) - Chilean retailer Cencosud said on Friday it plans to make $400 million in investments this year and expects revenue of $16.5 billion over the 12-month period.

One of the largest retailers in South America, Cencosud said in a statement its investment plan could increase depending on the sale of non-strategic assets.

"The Capex Plan for 2018 includes a base investment plan of $400 million, which could be revised upwards as the plan to divest non-core assets of up to $1.0 billion is executed," the statement said.

"Investments remain focused on strengthening our value proposition and store competitiveness, innovation, improvements in logistics and technological capabilities, Omni-channel development, selective store openings and the development of the remodeling plan," the statement said.

This article appears in: Politics , World Markets , Stocks
Referenced Symbols: CEN

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