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After several days at the crossroads, Carlos Heller, the largest shareholder of Azul Azul, the concessionaire that governs the destinations of the University of Chile, decided not to sell his stake in the corporation.
According to what was reported by The Mercury, The businessman’s lawyers met with his peers of the bidders, Redwood and Sartor Group, to review the details of the transfer, however, the owner of the Bethia Group put various last minute requests.
According to the publication, the investors assured that Heller demanded guarantees to guarantee the transaction, before which The investors proposed leaving the money to settle the liability of Azul Azul in addition to the amounts involved in the direct purchase, some 21 million dollars in total, in a notary.
“From that moment when what he asked for was accepted, there was no response until the end of the term,” he said a source close to the operation.
“If one asks for A and is offered A, and still there is no answer, what can one think,” added another involved. Also, says the same note, Heller was offered to reveal the names of the investors, but there was no response.
In that sense, from the offering party they analyze legal actions for the damage, and bet to collect the 120 million stipulated in the original document.
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