SANTIAGO, Chile--(BUSINESS WIRE)--Parque Arauco, S.A. (SSE: PARAUCO; Bloomberg: PARAUCO:CI) ended the preferential option period of its sale of 127,777,777 shares Wednesday and more than 90% of the new shares were taken up by current shareholders, which were offered at $900 pesos each. The remaining shares will be sold in a public auction today at the Santiago Stock Exchange at 4:45pm CLST, 3:45pm EST. The Company is raising funds to finance projects in Chile, Peru and Colombia.
Parque Arauco, S.A. is a leading Latin American shopping mall developer and operator with a presence in Chile, Peru, and Colombia. The company, headquartered in Santiago, Chile, currently owns or has an interest in 27 retail real estate properties comprising approximately 693 thousand square meters. For more information, visit www.parauco.com.