Chile Hotel Chain Eyes Acquisition

Chile Hotel Chain Eyes Acquisition

M&A

Chilean hotel and casino operator Enjoy says it has agreed to acquire a 70% stake in peer Salguero Hotels for $130m. A spokeswoman declines to state how the company plans to finance the acquisition or if there were any financial advisors involved. According to company information, in July Enjoy did a capital increase of CLP23bn ($42m). In September, it got a loan from Banco Security for UF550,000 ($21m). Enjoy says the acquisition is subject to due diligence. It adds that Salguero, which operate

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