Gamma Cementos S.A. made an offer to acquire Cemento Polpaico S.A. (SNSE:POLPAICO) for approximately CLP 140 billion on July 10, 2017. Gamma Cementos offered CLP 7,931.5649 per share. The offer is subject to the acceptance of at least 9.7 million shares representing about 54.32% stake.

The offer is valid for 30 days commencing on July 11, 2017 and ending on August 9, 2017. Larrain Vial S.A. Corredora de Bolsa acted as financial advisor and offer manager in the transaction. JP Morgan Chase & Co acted as financial advisor to Inversiones Megeve Dos Ltda.