Inversiones Siemel S.A. (SNSE:SIEMEL) signed a merger agreement to acquire 66.67% stake in Comercializadora Novaverde SA for CLP 0.66 million on December 10, 2014. The transaction is subject to due diligence. The transaction is expected to close on December 31, 2014.

Inversiones Siemel S.A. (SNSE:SIEMEL) completed the acquisition of 66.67% stake in Comercializadora Novaverde SA on December 29, 2014.