El Puerto de Liverpool, SAB de CV (BMC:LIVEPOL C-1) entered into an agreement to acquire Ripley Corp. S.A. (SNSE:RIPLEY) from Inversiones R Limitada y Compañía en Comandita por Acciones, Inversiones Familiares Sociedad Colectiva Civil, Inversiones R III Limitada, Calderon Volochinsky family, International Fund Limitada and others for approximately CLP 810 billion on July 5, 2016. Liverpool will pay CLP 420 per share and it will be considered successful if at least the 25.5% of the shares are acquired. The deal is subject to approval from Chilean Banks and the Superintendencia de Bancos Instituciones Financieras de Chile. The deal is expected to close during 2016. The tender offer is to expire on April 30, 2017. As on April 27, 2017, the transaction has been extended till June 15, 2017. Jorge Carey, Salvador Valdes, Cristián Figueroa and Francisco Urcelay of Carey y Cía, Andrés Kuan-Veng and Gillian Paredes of Muniz Ramirez Perez-Taiman & Olaya and Alberto Saavedra of Santamarina y Steta acted as legal advisors for El Puerto de Liverpool. Gerardo Varela, Juan Pablo, Mónica Pavez, Nicolás Vial, Israel Ávalos and Pablo Novoa of Cariola Díez Pérez-Cotapos & Cía. Ltda. acted as legal advisors to Ripley. JPMorgan Chase & Co. acted as financial advisor to Ripley

El Puerto de Liverpool, SAB de CV (BMV:LIVEPOL C-1) cancelled the acquisition of Ripley Corp. S.A. (SNSE:RIPLEY) from Inversiones R Limitada y Compañía en Comandita por Acciones, Inversiones Familiares Sociedad Colectiva Civil, Inversiones R III Limitada, Calderon Volochinsky family, International Fund Limitada and others on May 19, 2017. A series of geopolitical and economic changes in the countries and markets in which both parties operate resulted in termination of the deal.