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Coca-Cola goes out to sell a $ 275-million package in Embotelellora Andina

The book of offers for about 7% of the property will be open from today and the prize will be awarded this Friday.

They are active days at the Santiago Stock Exchange. After Inmobiliaria Manquehue became the first stock exchange year at the opening of the year, one of the IPSA companies will go through the wheel with an auction of a millionaire.

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It's an auction for an entire book of 69 million documents from the B Series of Embotelladora Andina, which opens today at 2:00 am and will be open until Thursday, which will be awarded on Friday morning at the national stock market. The operation is responsible for brokerage bank banking inversion.

This figure equals 7.33% of the ownership of the national factory for filling.

Behind the sale is Coca-Cola Chile search for liquidity for "capital redirection", as indicated by a parent's signature in the United States.

The company, they say, "evaluates the most effective way to use its capital." This includes occasional changes to our investment in bottles, from re-franchising, as we've done many times in recent years, to modifying our investment in fillers. "

In this regard, the firm says that the move of papers in Andina is similar to what they did last year in Peru with Corporación Lindley, when they used the proceeds of the sale of shares -Where they received $ 506 million to invest in their brands and new businesses.

At the final price yesterday, the sale of shares would mean a Coca-Cola collection of $ 184,328 million, equivalent to about $ 275 million.

Of course, the alienation concentrates B series of company papers, with shares of Coca-Cola de Chile SA. and the Argentine and refreshing beverage products SRL, but they still have their own A series of documents.

As of December last year, data from the Financial Market Commission (CMF), Coca-Cola owned 67.9 million Andean-A securities, which is equivalent to 7.18% of the company.

On possible future plans for selling titles, the company rejects announcing new transactions, although they emphasize that they "constantly evaluate" their positions in bottled plants.

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