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Press Release by Shearman & Sterling
Shearman & Sterling represented Plaza S.A. ("Mallplaza"), one of the largest mall operators in the industry in Latin America, in connection with its initial public offering through the secondary sale of 240 million shares by Inversiones Avenida Borgoño, Rentas Tissa and Inversiones Amal (the "Selling Shareholders"). The offering was one of the largest Chilean IPOs this year after Salmones Camanchaca's IPO in February.
The shares were registered with the Chilean Financial Markets Commission and listed on the Santiago Stock Exchange. The shares priced at Ch$1,431 per share and the offering closed on July 31, 2018, generating approximately US$530 million in gross proceeds to the Selling Shareholders.
MANUEL A. ORILLAC
MARIA MARULANDA LARSEN