For us$ 310 million

Chile: Enjoy negotiates a casino and hotel purchase in Latin America

2012-10-31
Reading time 44 seg
(Chile). – Chilean operator firm Enjoy informed negotiations on the "potential acquisition" of 45% of a casino and hotel operator in Latin America for U$S 310 million. Through an essential fact sent to the Superintendencia de Valores y Seguros (SVS), the Martinez family firm said it has already signed a memorandum of understanding with the listed but not identified entity.

The agreement includes the operational control "of this society", as well as a call and a put of the remaining shares held by the seller.

"The parties are conducting negotiations diligently on completing the due diligence and drafting definitive agreements, which will occur after the signing of the deals," the company said.

Enjoy, the first casino to be listed in Latin America, will deliver additional information of the operation once the definitive agreements are granted.

The company reported earnings by us$ 221 million during the first half of the year, up from a loss of us$ 1.332 million registered in the same period last year.

The revenue rose by 17.8% compared with the same period of 2011, to us$ 74,935 million.

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