Quinenco S.A. (SNSE:QUINENCO) made a tender offer for an additional 19.6% stake in Invexans S.A. (SNSE:INVEXANS) from Rentas EL Nogal Ltda., Pedro Sebastián Parga and other shareholders for CLP 43.8 billion on December 5, 2014. The transaction involved acquisition of 4.38 billion Invexans shares at an offer price of CLP 10 per share. The offer will be financed by the own resources of Quinenco. The offer period is valid for 30 days, i.e, from December 15, 2014 to January 13, 2014. Banchile Corredores de Bolsa S.A. is acting as offer administrator. Philippi Yrarrázaval Pulido & Brunner acted as a legal advisor to Quinenco S.A.

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%.