Inversiones Siemel of the Angelini group became the owner of Red Megacentro through the acquisition of 155,222,672,000 shares, equivalent to 23.44% of the property, in a transaction that amounted to 82,477,590,000 US dollars (about 123 million US dollars).
The deal, which took place on Monday, was achieved through an increase in capital of more than 130 million US dollars, in which the current majority shareholders of Red Megacentro partially ceded their preferred right to Inversiones Siemel, a company that is added to the company. The company provides new resources to improve the business plan, the company said.
“This significant capital increase corresponds to the growth and investment plan that we are developing at Red Megacentro. Joining Siemel will strengthen this strategy, allow us to strengthen our leadership, continue to expand our operations and open up new business opportunities, ”said Hernan Besomi, President of Red Megacentro.
“This milestone is aimed at expanding and strengthening our projects and providing services and access to the leased area of 1.2 million M2 in Chile and 250 thousand M2 abroad by the end of 2019,” Besomi added.
For his part, Siemel CEO Andrés Lehude stressed that "our interest in Megacentro Network is based on the business model developed by the company and its strong growth forecasts in the industrial real estate sector, both in Chile and in the outside."
“We believe that the operation described will have a positive impact on the company's results without prejudice to the fact that these effects are not quantifiable at the moment,” said Andres Lehudé, general manager of Inversiones Siemel, to the Financial Market Commission ( CMF).
Red Megacentro is a Chilean closed corporation and is an important player in the real estate industrial income business, providing infrastructure solutions through leasing warehouses, offices and large distribution centers with a presence in Chile, Peru and the United States.