AD Retail S.A. agreed to acquire Empresas La Polar S.A. (SNSE:NUEVAPOLAR) on April 28, 2023. Transaction is subject to the approval of National Economic Prosecutor?s Office (FNE) , CMF instead of just getting Consent of Applicable Third Parties. Larrain y Asociados acted as legal acted as legal advisor to Empresas La Polar and Philippi, Prietocarrizosa & Uría acted as legal advisor to AD Retail.

As of December 28, 2023, National Economic Prosecutor?s Office (FNE) has approved the transaction.