S.A.C.I. Falabella acquired Linio for approximately $140 million.
August 31, 2018
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S.A.C.I. Falabella (SNSE:FALABELLA) acquired Linio for approximately $140 million on August 1, 2018. Falabella is seeking $800 million in financing to put toward the acquisition and other investments. Rothschild & Co acted as financial advisor to Linio. As on August 26, 2018, the shareholders of S.A.C.I. Falabella approved a $800 million capital raising via the insurance of 84.3 million shares, with the money to finance the acquisition and adjusting of the market place platform Linio. Cleary, Gottlieb, Steen & Hamilton LLP acted as legal advisor to Falabella.
S.A.C.I. Falabella (SNSE:FALABELLA) completed the acquisition of Linio on August 1, 2018.
Falabella SA, formerly SACI Falabella, is a Chile-based company managing an online and offline retail platform. It operates seven business segments: Department Stores, Home Improvement, Supermarkets, Promotora CMR, Real Estate, Banking Business and Other Businesses. Department Stores sales, under the Falabella brand, a range of products, including retail sales of clothing, accessories and products for the home, electronics, beauty products and others. Home Improvement sales, under the Sodimac brand, building and home improvement products, including building materials, hardware, tools, and accessories for kitchen, bathroom, garden and decoration, among others. Supermarkets manages hypermarkets and supermarkets under the Tottus brand. Promotora CMR provides the CMR credit card. Real Estate operates constructing and leasing malls. Banking Business covers all banking activities. Other Businesses includes all the other activities. The Company operates in Latin America.
FALABELLA S.A. 
