Plaza S.A. completed the acquisition of unknown stake in Falabella Perú S.A.A. from Falabella S.A. and others.
April 23, 2024
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Plaza S.A. (SNSE:MALLPLAZA) signed memorandum of understanding to acquire Falabella Perú S.A.A. (BVL:FALABEC1) from Falabella S.A. (SNSE:FALABELLA) and others for approximately $590 million on November 20, 2023. As of April 15, 2024, Plaza S.A. (SNSE:MALLPLAZA) signed definitive agreement to acquire Falabella Perú S.A.A. (BVL:FALABEC1). The transaction will be financed with a combination of cash, debt and a capital raise in Plaza S.A. for up to $300 million. JP Morgan Securities LLC acted as exclusive financial advisor to Plaza S.A. on the transaction and Link Capital Partners acted as a financial advisor to Falabella. JP Morgan Securities LLC delivered a fairness opinion to the Board of Directors of Plaza S.A. and Itaú Asesorías Financieras Limitada to the Board of Directors of Falabella.
Plaza S.A. (SNSE:MALLPLAZA) completed the acquisition of unknown stake in Falabella Perú S.A.A. (BVL:FALABEC1) from Falabella S.A. (SNSE:FALABELLA) and others on April 23, 2024.
Plaza SA is a Chile-based company active in the department store industry. The Company is dedicated to the management, development and promotion of a chain of shopping centers in South America. The Company operates shopping mall in Chile, Peru and Colombia with more than 20 operational malls. The Company has a Gross Leasable Area (GLA) of more than 1.500.000 square meters. The Company offers all kinds of services and products for consumers, such as restaurants and bars, beauty salons, gyms and spas, clothing and footwear stores, movie theaters, leisure areas, supermarkets and hypermarkets, exhibition halls and concert areas, public libraries, parking areas, offices and medical centers, among others.