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May 20, 2002

CHILE: Store sales abandoned by Supermkt Unimarc

Santiago-based supermarket chain Unimarc SA said on Friday that it is abandoning its preliminary efforts to sell some of its assets or shares. 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.

Santiago-based supermarket chain Unimarc SA said on Friday that it is abandoning its preliminary efforts to sell some of its assets or shares.

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.”

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