Rheem Chile SpA completed the acquisition of 85.56% stake in CEM S.A. for CLP 38.8 billion.
The tender offer will commence on August 25, 2014 and expire on September 23, 2014. Luis Felipe Irarrázaval del Campo of BBVA Asesorías Financieras S.A. acted as financial advisor for Rheem Chile SpA. Matías de Marchena Vicuña of Claro Y Cia acted as legal advisor for Rheem Chile SpA. BBVA Corredores de Bolsa Limitada acted as broker in the deal.
Rheem Chile SpA completed the acquisition of 85.56% stake in CEM S.A. (SNSE:CEM) for CLP 38.8 billion on September 23, 2014. A total of 256.52 million shares were tendered.