A group of Directors lead by Ramón Yávar and Fernando Frías made an offer to acquire an additional 63% stake in Empresa Constructora Moller y Pérez Cotapos S.A. (SNSE:MOLLER) from Inmobiliaria e Inversiones Inmover Limitada, Inversiones e Inmobiliaria Santa Solange Limitada, Inmobiliaria y Agricola El Forjador Limitada and others for CLP 41.1 billion on September 28, 2016. The offer is financed on 50% by the Offerors own resources, and on a 50% through bank financing. The group of Directors has subscribed a binding agreement for the acquisition of 40.11% stake in held by Citi Venture Capital, controlled by Inmobiliaria e Inversiones Inmover Limitada. The group of Directors will launch the tender offer on October 27, 2016 at the price of CLP 315 per share. The offer will run till November 25, 2016. As part of the deal, Inmobiliaria e Inversiones Inmover and the companies controlled by Ramón Távar and Fernando Frías will bring their shares to this tender offer. Larrain Vial acted as financial advisor and Barros y Errázuriz acted as the legal advisor in the deal. Larraín Vial S.A., Corredora de Bolsa acted as offer administrator.