Chile Antitrust Agency Approves La Polar Merger With AD Retail

Chile’s National Economic Prosecutor’s Office approved without conditions the merger of Empresas La Polar and AD Retail’s retail and financing operations, according to a filing from AD Retail to the regulator.

• As part of the transaction announced in April, La Polar will issue 3.2b new shares at 10.93 pesos each for a total of CLP35b (~$40m)
  • Controlling shareholders of AD Retail will buy shares of the capital increase to reach the same stake as the controller of La Polar

Original Story:AD Retail dice FNE de Chile aprueba fusión con Empresas La Polar

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