Radar > 234745

Corporación Lindley's minority shareholders request de-listing of investment shares

Accionistas minoritarios de Corporación Lindley solicitan desliste de acciones de inversión

Intel ID : 234745
Synopsis

The minority shareholders of Peru-based bottler Corporación Lindley (BVL:CORLINI1) requested the company's investment shares be de-listed, reported Reuters México on 14 March, 2016, citing executive president of the fund that represents the shareholders, Andino Asset Management, Carlos Rojas.

Rojas argues the rights of minority shareholders were affected following the sale of a majority stake to Mexico-based Arca Continental (BMV:AC) (see related transactions). Andino Asset Management considers the transaction with Arca wasn't transparent and notes holders of investment shares did not receive a bid for their shares.

Representing Arca, lawyer Mauricio Olaya noted the rights of minority shareholders were not affected and added there is no risk for the stock market.
(content in spanish)

Los accionistas minoritarios de la embotelladora peruana Corporación Lindley (BVL:CORLINI1) han solicitado el desliste de las acciones de inversión de la empresa, ha publicado Reuters México el 14 de marzo de 2016, citando al presidente ejecutivo de fondo que representa a los accionistas, Andino Asset Management, Carlos Rojas.

Rojas argumenta que los derechos de los accionistas minoritarios se han visto perjudicados tras la venta de una participación mayoritaria a la mexicana Arca Continental (BMV:AC) (ver transacciones relacionadas). Andino Asset Management considera que la transacción con Arca no ha sido transparente y que los tenedores de acciones de inversión no recibieron una oferta por sus acciones.

En representación de Arca, el abogado Mauricio Olaya ha señalado que los derechos de los accionistas minoritarios no han sido afectados y que no existe riesgo para el mercado accionario.

Intel ID 234745
Value ND
Native Currency US Dollar (USD)
Exchange Rate:
Financial Data - Corporación Lindley
(31 Dec 2017)
Revenue: EUR 647,26m
Exchange Rate:
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Target

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Food and Beverage (Primary)
Primary Sector (TTRSC)
15.02.02 Bottling
15 Consumer Products & Services / 15.02 Beverages

Country
Website
Description

Related Entity

Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Country
Description

Related Entity

Name
Subsector (Old TTR Sectors)
Services and Distribution / Food and Beverage (Primary)
Primary Sector (TTRSC)
15.02.02 Bottling
15 Consumer Products & Services / 15.02 Beverages

Secondary Sectors (TTRSC)
15.05.08 Food & Beverage Retail
15 Consumer Products & Services / 15.05 Distribution & Retail

Country
Website
Description

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.