Grupo Breca buys Inversiones La Rioja

Grupo Breca buys Inversiones La Rioja

Peru M&A

Grupo Breca has agreed to buy Inversiones La Rioja, the owner of Marriott hotels in Peru, for $218m. Intursa, Grupo Breca's hotel business, said it will seek a bridge loan for up to $60m "from a financial entity to be determined" to help fund the acquisition. Intursa also said it will propose a $105m capital increase at a shareholder meeting on October 9 to cover part of the deal. Scotiabank, the financial advisor to Inversiones La Rioja, conducted a two-stage competitive sale process with a t

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