Business Ripley is considering selling its stake in a company...

Ripley is considering selling its stake in a company that manages eight shopping centers in the country

The retail firm Ripley reported on Tuesday its intentions to sell the minority stake it owns in the company it manages in eight shopping centers from the country, from the Mallplaza chain.

In a essential fact sent to the Commission for the Financial Market, explained that the board of directors Ripley Corp S.A. “agreed to start a process to evaluate the sale of the minority stake owned by its subsidiary Ripley Inversiones II SA in society Nuevos Desarrollos SA, amounting to 22.5 percent of the issued and paid shares of said company “.

The reason, he explained to the regulator, is that “it is a passive minority stake, the disposal of which, if carried out, It would free up resources to be reinvested in initiatives of greater strategic value for Ripley Corp SA and reduce debt “.

For this, Ripley contracted the services of Asesoría Tyndall SpA to guide her through the process.

Nuevos Desarrollos SA (ex Plaza Alameda SA) is a subsidiary company of Plaza SA and manages the Plaza Alameda, Los Dominicos, Plaza Copiapó and Plaza Arica malls, among others.

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