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They add up and follow the movements in the retail area. The announcement of Falabella and its possible departure from Argentina is now joined by Ripley, who announced this morning that he started the process to evaluate the sale of his stake in the company that operates shopping centers and controls Mall Plaza.
Through an essential fact sent to the CMF, the firm linked to the Calderón family specified that it hired the services of Asesoría Tyndall SpA to study the sale of the 22.5% owned by its subsidiary Ripley Inversiones II SA Nuevos Desarrollos.
“Ripley Corp SA’s reason for evaluating the sale of this stake is that it is a passive minority stake, the disposal of which, if completed, It would free up resources to be reinvested in initiatives of greater strategic value for Ripley Corp SA and reduce debt, “said the company.
However, the company said that at the moment it is not possible to anticipate or quantify the effects of this operation given the preliminary stage of the process.
In January 2009, Ripley acquired 22.5% of Nuevos Desarrollos SA, belonging to the Mall Plaza group. This company currently owns the Mall Plaza Alameda, Mall Plaza Sur, Mall Plaza Mirador Bío Bío, Mall Plaza Iquique, Mall Plaza Egaña, Mall Plaza Copiapó, Mall Plaza Los Domínicos and Mall Plaza Arica.
In this context, retail shares rose 3.8% on the Santiago Stock Exchange, while Mall PLaza rose 0.11%.
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