H&Cía advises Falabella on sale to Plaza
Hernández & Cía. has advised Falabella on an agreement with Plaza for the acquisition by Plaza of all of Falabella’s shares in Falabella Perú.
The acquisition transaction has been executed through a takeover bid, settled on 10 December, launched by Desarrollos Perú, a subsidiary of Plaza, on 30 October 2024, for up to 100% of the shares of Falabella Perú.
Other advisory firms were Carey as advisor to Falabella in Chile, and Rebaza Alcázar & De las Casas and Prieto Abogados as advisors to Plaza in Peru and Chile, respectively.
According to information from the Lima Stock Exchange, as a result of the takeover bid, Plaza (through Desarrollos Peru) has been awarded 3’901,307,326 shares of Falabella Peru (worth approximately US $454MM).
Falabella Peru’s assets include Open Plaza Peru and Mall Plaza Peru (with a majority stake), companies that own 15 shopping centres in Peru.
Gonzalo Smith, Javier Allard and Luis Chu acted as in-house counsels to Falabella.
H&Cía’s team was led by partners Juan Luis Hernández (pictured left) and Fernando Núñez (pictured right), with support from principal associates Erick Calla and Gloria Zubizarreta, and senior associates María Fe Álvarez-Calderón, Luciano Rebagliati and Vicente Robles.
Carey’s team was led by partner Cristián Eyzaguirre.
Rebaza Alcázar & De las Casas’ team included partners Alberto Rebaza and Felipe Boisset and senior associates Pedro Díaz and Josefina Arana.
