Terra takes control of VivoCorp

Terra takes control of VivoCorp

M&A Corporate & Sovereign Strategy Andean Chile Latin America

Chilean construction company Inversiones Terra has completed a UF2.53 million ($100 million) acquisition of a 25% stake in VivoCorp from BTG Pactual, a Brazilian investment bank that in turn has acquired two shopping malls in Chile. In the first part of the deal, Terra bought out BTG Pactual's stake in VivoCorp and gained 100% control of the commercial real estate firm, the latter said in a securities filing on Wednesday. In the second part, VivoCorp sold two shopping malls – Mall Vivo Imperio a

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