QUIÑENCO SA

QUINENCO
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Quinenco S.A. completed the acquisition of an additional 33.06% stake in Tech Pack S.A. for $67.1 million.

11/05/2016 | 12:00am
Quinenco S.A. (SNSE:QUINENCO) made an offer to acquire an additional 34.08% stake in Tech Pack S.A. (SNSE:TECHPACK) for $69 million on September 29, 2016. Quinenco will acquire 128.1 million shares of Tech Pack at a price of $0.54 million and is financed with resources of Quinenco. The duration of the offer is for 30 days, i.e, from October 1, 2016 to November 2, 2016. The offer is subject to the acquisition of at least 4.1 million shares of Tech Pack. Banchile Corredores de Bolsa S.A acted as administrator of the offer. As of October 19, 2016, the start day of the offer is changed from October 1, 2016 to October 3, 2016. Quinenco S.A. (SNSE:QUINENCO) completed the acquisition of an additional 33.06% stake in Tech Pack S.A. (SNSE:TECHPACK) for $67.1 million on November 5, 2016.
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