Minority Mallplaza project to place at least 10% stake in IPO

Mallplaza's minority shareholders plan to place at least 10% of the shares in the stock market

Friday, June 29, 2018

Online economy and business

Future value

A minimum of 196 million dollars. Shares Mallplaza plans to place Inversiones Avenida Borgoo (Thomas Furst), Rentas Tissa (Toms Mller) and Inversiones Amal (Pedro Donoso), in a secondary placement process, owned by them, representing 10% of the share capital of Plaza SA. 19659006] The three companies together hold 40.7% of the mall operator, which is controlled by the retail giant Falabella (59.3%).

According to a news release, shares will be offered by shareholders in Chile, the United States and elsewhere outside Chile, subject to market conditions and applicable regulatory requirements in each case.

The offer must be made in one block by means of an auction the Santia Stock Exchange go in accordance with Chilean law and the rules of said stock exchange.

JPMorgan Securities LLC and Morgan Stanley & Co. LLC act as global coordinators of the transaction in the United States and elsewhere outside Chile and JPMorgan Corredores of Bolsa SpA and Banchile Corredores of Bolsa SA they will act as 39, placement agents for the transaction in Chile.