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Santiago . The Chilean retailer Falabella, one of the largest companies in the sector in Latin America, sold nearly $ 550 million Friday at an auction of a capital increase that it will allocate to make facing the expansion of Amazon e-commerce giants and Alibaba.
Falabella had set at 5,250 pesos (about $ 7.7) the price of the stock for a capital increase of 84.3 million shares, through an offer primary and secondary paper.
The retailer was at the top of the stock exchange. Santiago 70.7 million shares, representing about 3% of the property.
The value fixed for the capital increase "represents a reduction of 0.5% compared to the closing of the previous day and a 2% below the average of the last month of stock market transactions", said Falabella in a statement.
The retailer has exceeded the 70.7 million shares of the Santiago Stock Exchange, in an operation equivalent to about 3% of the property. [19659006] A significant portion of the resources will be used to finance the purchase of the Linio Internet Channel and to strengthen its online operation. In addition, Falabella will also take up the new resources needed to develop the IKEA European franchise in Chile, Colombia and Peru, as well as other activities of the conglomerate.
Falabella's shareholders approved a capital increase of 84.3% a few weeks ago. millions of shares, and in addition to the stock market auction, a preferred option for the acquisition of paper by the current owners of the company will be opened.
Falabella has operations in Argentina, Brazil, Chile and Colombia. Mexico, Peru and Uruguay.
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