An unknown buyer acquired additional 13.88% stake in SMU S.A. from FIP Croacia, Inversiones Rendic S.A., OS Investment Fondo de Inversion Privado and other firms controlled by the Rendic family for approximately CLP 110 billion.
January 29, 2015 at 10:30 am IST
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An unknown buyer acquired additional 13.88% stake in SMU S.A. from FIP Croacia, Inversiones Rendic S.A., OS Investment Fondo de Inversion Privado and other firms controlled by the Rendic family for approximately CLP 110 billion on January 29, 2015. As a part of the transaction, the buyer acquired 506.24 million shares in SMU at a price of approximately CLP 210 per share. FIP Croacia sold 3.83% stake, Inversiones Rendic S.A. sold 1.62% stake and OS Investment Fondo de Inversion Privado sold 0.93% stake in the transaction. Pursuant to the transaction, the buyer would own 78.6% stake in SMU.
An unknown buyer completed the acquisition of additional 13.88% stake in SMU S.A. from FIP Croacia, OS Investment Fondo de Inversion Privado and other firms controlled by the Rendic family on January 29, 2015.
SMU SA is a Chile-based company primarily engaged in the food retail. The Company's activities are divided into two business segments: Supermarkets and Construction supplies. The Supermarkets division focuses on the sale and distribution of grocery and other non-food products through various supermarket chains in Chile and Peru, such as Unimarc, Mayorista 10, Alvi, Mayorsa and Maxi Ahorro. It also operates convenience stores under the OK Market brand name, as well as offers Internet and telephone shopping under the Telemercados brand name. The Construction supplies division is responsible for the retail of building materials in Chile through the Construmart and Ferrexperto stores. The Company owns a number of subsidiaries, including Inversiones SMU SpA, Omicron SpA and Corp Fidelidad SA, among others.
An unknown buyer acquired additional 13.88% stake in SMU S.A. from FIP Croacia, Inversiones Rendic S.A., OS Investment Fondo de Inversion Privado and other firms controlled by the Rendic family for approximately CLP 110 billion.
SMU S.A. 
