Simpson Thacher advised Grupo Inder on the sale of 2,17% of the shares it owns in Falabella.
Grupo Inder is an investment group based in Chile. Falabella is a department store multinational, headquartered in Chile and listed on the Santiago Stock Exchange.
According to market reports, the operation, valued at approximately $380 million, does not affect the 17% Inder owes in Falabella through Dersa, its investment vehicle.
Partner Todd Crider led Simpson Thacher advising Inder, which also retained Barros y Errazuriz as local counsel.