January 14, 2019 |
Ameris Capital has acquired 49% of Arauco Centros Comerciales Regionales (ACCR) from Parque Arauco for UF2.72m ($110m).
Parque Arauco holds on to 51% of ACCR, the Chilean shopping mall operator said in a press release.
Ameris Capital made the acquisition through the Ameris Rentas Comerciales I Investment Fund, but it has to sell a stake in the fund equal to size of the transaction before it can close the deal, Parque Arauco said.
Parque Arauco and Ameris Capital have until March 11 to complete
Chilean asset management firm pays $110m for 49% of regional mall operator