Radar > 243389

Sociedad de Inversiones Oro Blanco suspends sale of Pampa Calichera

Sociedad de Inversiones Oro Blanco suspende venta de Pampa Calichera

Intel ID : 243389
Synopsis

Sociedad de Inversiones Oro Blanco (BCS:ORO BLANCO), a Chile-based investment manager, announced the suspension of the sale process of its 88.64% stake in Sociedad de Inversiones Pampa Calichera (BCS:CALICH), in a filing published by regulator Superintendencia de Valores y Seguros on 15 December 2016.

Oro Blanco informed that, after receiving and analyzing several offers from interested bidders (see related intel), its board reached the conclusion that none of those contributed to the company's social interest, so it decided not to carry on with the process. However, the board also noted it will continue seeking alternatives to improve the company's and its subsidiaries' financial position.

The formal sale process began on 18 December 2015 (see related intel).
(content in spanish)

Sociedad de Inversiones Oro Blanco (BCS:ORO BLANCO), gestora de inversiones chilena, ha comunicado la suspensión del proceso de venta de su participación del 88,64% en Sociedad de Inversiones Pampa Calichera (BCS:CALICH), en un hecho relevante publicado por la Superintendencia de Valores y Seguros el 15 de diciembre de 2016.

Oro Blanco ha informado que, tras recibir y analizar varias ofertas de empresas interesadas (ver intels relacionados), su directorio ha llegado a la conclusión de que ninguna de ellas contribuyen al interés social de la empresa, por lo que ha decidido no continuar con el proceso. No obstante, el directorio también ha señalado que seguirá buscando alternativas para mejorar la posición financiera de la empresa y la de sus filiales.

El proceso formal de venta había comenzado el 18 de diciembre de 2015 (ver intel relacionado).

Relevant Documents

Target

Seller


Intel ID 243389
Value ND
Native Currency Chilean Peso (CLP)
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 / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.01 Asset Management
25 Financial Services / 25.01 Banking & Investment

Country
Description

Seller

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

Country
Description

Related Entity

Name
Subsector (Old TTR Sectors)
Industry / Chemical and Chemical Materials (Primary)
Natural Resources / Mining
Primary Sector (TTRSC)
55.05.08 Specialty Metals & Minerals
55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources

Secondary Sectors (TTRSC)
55.02.02 Industrial Chemicals & Gases
55 Raw Materials & Natural Resources / 55.02 Chemicals

Country
Website
Description

Radar

Date Title Type Intel Grade Country 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.