Business
Chile's Falabella Acquires Minority Stake In Organizacion Corona's Colombia Operations For About $159 Million
Chile's Falabella Acquires Minority Stake In Organizacion Corona's Colombia Operations For About $159 Million
About this update from Falabella S.a.
Falabella SA BCS:FALABELLA : CHILE'S FALABELLA ACQUIRES MINORITY STAKE IN ORGANIZACION CORONA'S COLOMBIA OPERATIONS FOR ABOUT $159 MILLION. THE PURCHASE INCLUDES A 35% STAKE IN FALABELLA RETAIL, 31% IN BANCO FALABELLA, S.A., 35% IN AGENCIA DE SEGUROS FALABELLA LIMITADA, AND 35% IN ABC DE SERVICIOS S.A.S. DEAL DOES NOT AFFECT FALABELLA AND CORONA'S JOINT VENTURE, SODIMAC COLOMBIA S.A.