The two companies gave themselves 120 days to complete the transaction.
Santiago, 20 November 2023.- Today Plaza S.A. And Falabella S.A. agreed to sign a Memorandum of Understanding to assess Mallplaza’s acquisition of Falabella’s shopping centers in Peru.
If the transaction is completed, for which the parties gave themselves 120 days, Plaza S.A. would take over management of Open Plaza Perú’s shopping centers, which represent an additional 323,000 square meters, in addition to acquiring 100% of Mallplaza Peru S.A. (a company it currently owns 33.3% of), consolidating the generation of EBITDA. This will allow Mallplaza to strengthen its position in Peru and take advantage of the opportunities, synergies and efficiencies from having a greater scale in that country.
