Santiago-based supermarket chain Unimarc SA said on Friday that it is abandoning its preliminary efforts to sell some of its assets or shares.
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It was announced late last August that Unimarc’s controlling shareholder, Chilean businessman Francisco Javier Errazuriz, was exploring the possibilities of selling some of the company’s shares and/or assets. The preliminary process was, however, rather contracted.
The Chilean securities regulator the SVS received a filing from Unimarc which said that a meeting of the board last Thursday had seen “the decision to put to an end the preliminary process regarding a potential transaction involving the company or the company’s assets.”
