Quinenco S.A. completed the acquisition of an additional 17.88% stake in Invexans S.A. from Rentas EL Nogal Ltda., Pedro Sebastián Parga and other shareholders for CLP 40 billion.
Quinenco S.A. (SNSE:QUINENCO) completed the acquisition of a tender offer for an additional 17.88% stake in Invexans S.A. (SNSE:INVEXANS) from Rentas EL Nogal Ltda., Pedro Sebastián Parga and other shareholders for CLP 40 billion on January 16, 2015. Quinenco acquired approximately 4 billion shares of Invexans under the offer and now holds 98.33% stake in Invexans. Rentas EL Nogal sold 8.81 million shares and Pedro Sebastián Parga sold 0.02 million shares. Post acquisition, Quinenco raised its stake up to 98.3%.