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Mallplaza obtains successful placement of shares on the Santiago Stock Exchange
Friday, June 28, 2024 - 18:00
Fuente: Mallplaza

The Chilean company has already raised US$192 million in its capital increase process; 40% of this amount corresponded to international investors.

Mallplaza, the Chilean shopping center chain, achieved a successful placement after auctioning on the Santiago Stock Exchange the shares renounced by its controller Falabella (59.2% of the total new shares) and raising $182,694 million (US$192 million) . The auction reached 3.5 times overdemand.

This process showed high interest from international investors, who were awarded 40% of the shares offered.

136 million shares of the company were placed at a price of $1,340 per unit (US$1.40), funds that will be used to finance part of the acquisition of 100% of Falabella's shopping centers in Peru.

The operation enhances the liquidity of the share, diversifies its shareholder base and increases its free float.

Additionally, today the relevant minority shareholders, Inversiones Avenida Borgoño Limitada and Rentas Tissa Ltda, informed the company of their decision to acquire all of their pro rata shares, equivalent to 25.58% of the new shares. Thus, 84.86% of the new shares have already been assigned.

According to what was reported by the company, the Preferential Option Period for shareholders registered on June 22 will be extended until July 27.

Autores

AméricaEconomía.com