Chilena Parque Arauco Buy Minka in its entirety for S/381 million

The Centennial Group issued a statement announcing the total sale of Zonales SAC multimergates (Minka) To the Chilean company Arauco Holding Peru SAC (Parque Arauco) for a moneto of 381 million soles.

“In line with our commitment to the development and creation of sustainable value, we reported that we have signed a sale contract with Arauco Holding Peru SAC (Arauco Park) for the transfer of 100% of the multimerced shares of Zonal SAC (Minka) and Its subsidiary MZ real estate & developer SAC for a company value of S/ 381 million nuevos soles “, reads in the statement.

Yesterday, the offer to buy class A shares of Port Investments Chancay (IPchac1) was carried out, which by regulation Transition Metals should do after the purchase of the Volcan shares package to Glencore.

The company announced that this sale responds to a strategic approach that seeks to strengthen its position in its current businesses, with the objective of expansion and diversification. “We are convinced that this step will allow us to continue innovating and generating solutions that promote the development of our clients, partners and communities.”

However, the purchase-sale operation is still subject to the approval of INDECOPI under the previous control regulation of business concentration operations, so it will be consummated when this entity issues the corresponding authorization.

Waiting for authorization, Minka will continue to operate normally, ensuring the continuity of its operations and services.

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