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Los Héroes Caja de Compensación does not rule out potential merger with La Araucana C.C.A.F.

Los Héroes Caja de Compensación no descarta posible fusión con La Araucana C.C.A.F.

Intel ID : 231350
Synopsis

Los Héroes Caja de Compensación, a Chile-based social services provider, would not rule out a potential merger with rival La Araucana C.C.A.F., which is in default, reported Diario Financiero on 12 November, 2015, citing Los Héroes CEO, Jorge Leyton.

Leyton stated that, if the company were consulted and could provide a long-term solution, its board will analyze and study different option available. However, he added there are no negotiations under way and no financial advisor has been retained.
(content in spanish)

Los Héroes Caja de Compensación, empresa chilena dedicada a ofrecer servicios sociales, no descartaría una posible fusión con su rival La Araucana C.C.A.F., que ha entrado en default, ha publicado Diario Financiero el 12 de noviembre de 2015, citando al director ejecutivo de Los Héroes, Jorge Leyton.

Leyton ha declarado que, si la empresa fuera consultada y pudiera ofrecer una solución a largo plazo, el directorio analizará y estudiará las difrentes opciones disponibles. Sin embargo, ha añadido que no hay negociaciones en curso y que no se ha contratado a un asesor financiero.

Intel ID 231350
Value ND
Native Currency US Dollar (USD)
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Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Other Services (Primary)
Primary Sector (TTRSC)
50.02.05 Political NGOs
50 Public Services & NGOs / 50.02 Non-Governmental Institutions, Organizations & Associations

Secondary Sectors (TTRSC)
25.01.01 Asset Management
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Other Services (Primary)
Primary Sector (TTRSC)
25.01.01 Asset Management
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

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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.