Ameris Rentas Comerciales I Fondo de Inversión, a fund managed by Ameris Capital, Investment Arm agreed to acquire a 49% stake in Arauco Centros Comerciales Regionales SpA from Parque Arauco S.A. for CLF 2.7 million (approximately $110 million).
January 09, 2019
Share
Ameris Rentas Comerciales I Fondo de Inversión, a fund managed by Ameris Capital, Investment Arm agreed to acquire a 49% stake in Arauco Centros Comerciales Regionales SpA from Parque Arauco S.A. (SNSE:PARAUCO) for CLF 2.7 million (approximately $110 million) on January 10, 2019. The price of the transaction is subject to adjustments based on the amount of proportional net financial debt as of the transaction’s closure. Parque Arauco will continue to own 51% in ACCR post completion. This transaction is dependent on several conditions, one of these conditions is that Ameris is required to sell participation in the fund for at least the total value of the transaction. The transaction is expected close by March 11, 2019. Enrique Barros, Fernando Calderara, Martín Hudson, Luis Alberto Letelier, Camila May, José Miguel Poblete, Bernardo Simian, Patricio Solórzano B., Eduardo Tirado and Carola Trucco H. of Barros & Errázuriz Abogados acted as legal advisors for Parque Arauco while Cristóbal Fainé Henríquez, Luis Felipe Merino Risopatrón and Constanza Velásquez Cabrera of Garrigues Chile acted as legal advisors for Ameris.
Parque Arauco SA is a Chile-based company engaged in the real estate industry. The Company focuses on the acquisition, development and management of multi-format real estate assets, mainly for commercial use. The Company owns and operates various formats of shopping centers, such as regional, neighborhood, outlet malls and strip centers. It rents commercial space to department stores, home improvement stores, supermarkets, restaurants, cinemas, as well as health centers, among others. Its projects portfolio comprises Parque Arauco Kennedy, Arauco Chillan, Arauco San Antonio, Larcomar, Parque Lambramani and Parque Caracoli, among others. The Company is present in a number of Latin American countries, including Chile, Peru and Colombia.
Ameris Rentas Comerciales I Fondo de Inversión, a fund managed by Ameris Capital, Investment Arm agreed to acquire a 49% stake in Arauco Centros Comerciales Regionales SpA from Parque Arauco S.A. for CLF 2.7 million (approximately $110 million).
PARQUE ARAUCO S.A. 
