Asesorías e Inversiones Puerto Abierto Ltda., Inversiones Brakers Limitda, Inversiones Globus Limitda, Inversiones B Y J Limitada, Inversiones Quantum Limitada and other investor cancelled the acquisition of an additional 11.99% stake in Paz Corp S.A. from PLA Residential Fund III Chile, LP managed by Prudential Real Estate Investors Latin America and others.
October 18, 2014 at 09:30 am IST
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Asesorías e Inversiones Puerto Abierto Ltda., Inversiones Brakers Limitda, Inversiones Globus Limitda, Inversiones B Y J Limitada, Inversiones Quantum Limitada and other investor made an offer to acquire an additional 11.99% stake in Paz Corp S.A. (SNSE:PAZ) from PLA Residential Fund III Chile, LP managed by Prudential Real Estate Investors Latin America and others for CLP 8.7 billion on October 18, 2013. Asesorías e Inversiones acquired 9.14 million shares of Paz Corp as on December 8, 2013.
Asesorías e Inversiones Puerto Abierto Ltda., Inversiones Brakers Limitda, Inversiones Globus Limitda, Inversiones B Y J Limitada, Inversiones Quantum Limitada and other investor cancelled the acquisition of an additional 11.99% stake in Paz Corp S.A. (SNSE:PAZ) from PLA Residential Fund III Chile, LP managed by Prudential Real Estate Investors Latin America and others on October 18, 2014.
Paz Corp SA is a Chile-based company principally engaged in the real estate and construction sectors. The Company's activities include the architectural design, execution and supervision of the development of real estate proyects, as well as the purchase, management, sale and leasing of that assets. Its range of products and services includes such residential and commercial properties as houses, flats and offices. Through its subsidiary, Paz Arriendo de Maquinarias SpA (Remaq), the Company is involved in the leasing of machinery. Additionally, the Company is a parent of Grupo Paz Corp, a group which comprises such a number of entities as Inversiones Paz Chile SpA, Inversiones Paz Internacional SpA and Inversiones Paz Servicios SpA.
Asesorías e Inversiones Puerto Abierto Ltda., Inversiones Brakers Limitda, Inversiones Globus Limitda, Inversiones B Y J Limitada, Inversiones Quantum Limitada and other investor cancelled the acquisition of an additional 11.99% stake in Paz Corp S.A. from PLA Residential Fund III Chile, LP managed by Prudential Real Estate Investors Latin America and others.