With this measure, the investment company seeks to diversify its portfolio and free up resources for new strategic investments and other corporate purposes
The subsidiary in the United Kingdom of the investment company of the Quiñenco Group Invexans Limited put up for sale 4.2 million shares of the French multinational cable and cabling systems Nexans, representing a stake of around 9.6%, according to The company reported an essential fact sent to the Chilean Financial Market Commission (CMF).
This is a transaction that will be carried out through an accelerated bookbuilding offering process, with which Invexans seeks to diversify its portfolio and free up resources for new strategic investments and other corporate purposes.
“If the operation is completed, the shareholding of the Quiñenco subsidiaries in Nexans will be 19.2%, with which they will continue as reference shareholders in the French multinational, with an active representation on the board of said company”, indicates in his statement.
Goldman Sachs International, Morgan Stanley and Société Générale will be the global coordinators and placement agents of the transaction in which Lazar will financially advise Invexans Limited.