Inversiones y Construcciones Belfi Limitada and Inversiones Neltume Ltda. entered into an agreement to acquire remaining 60% stake in Terminal Puerto Arica S.A. from Grupo Empresas Navieras S.A. (SNSE:NAVIERA), Saam Puertos S.A. and Ransa Comercial S.A. on May 7, 2018. Under the terms, Grupo Empresas Navieras S.A. (SNSE:NAVIERA), Saam Puertos S.A. and Ransa Comercial S.A. will sell their 25%, 15% and 20% stakes respectively. Grupo Empresas Navieras S.A. (SNSE:NAVIERA) will receive $20.3 million for its stake. The transaction is subject to a series of suspensive conditions that must be met, including the approval of the transaction by the National Economic Prosecutor's Office. As of January 29, 2019, the transaction was approved by The National Economic Prosecutor's Office (FNE). IMAP Chile acted as the financial advisor to the 3 selling shareholders. Inversiones y Construcciones Belfi Limitada and Inversiones Neltume Ltda. completed the acquisition of remaining 60% stake in Terminal Puerto Arica S.A. from Grupo Empresas Navieras S.A. (SNSE:NAVIERA), Saam Puertos S.A. and Ransa Comercial S.A. on February 15, 2019. Saam Puertos S.A. will receive $12.2 million for its stake. Inversiones Neltume and Inversiones y Construcciones Belfi, together, control 100% of Terminal Puerto Arica.