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Latest News in Peru / Archive
Business | 23 October, 2009 [ 17:54 ]
Peru: Ripley Stores announce injection of capital of more than US $130 million
LivinginPeru.com
Isabel Guerra
Chilean firm Tiendas Ripley (Ripley Stores) which currently operates in Chile, Peru and Mexico, approved an injection of 72.508 million pesos (more than US$ 134 million), as reported today by the Superintendency of Securities and Insurance (SVS).
The operation includes a capital increase of about $ 111 million, through the issuance of more than 27.159 million new shares, and the capitalization of about US $ 23 million profit of the company, as the Board of Shareholders agreed last Wednesday.
Andres Roccatagliata, General Manager, said that these resources will be used to finance the expansion of all company businesses.
Reportedly, this is a transaction between subsidiaries of Ripley Corp., the parent company, which "will not affect its assets, property or the amount of shares."
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Isabel Guerra
Chilean firm Tiendas Ripley (Ripley Stores) which currently operates in Chile, Peru and Mexico, approved an injection of 72.508 million pesos (more than US$ 134 million), as reported today by the Superintendency of Securities and Insurance (SVS). The operation includes a capital increase of about $ 111 million, through the issuance of more than 27.159 million new shares, and the capitalization of about US $ 23 million profit of the company, as the Board of Shareholders agreed last Wednesday.
Andres Roccatagliata, General Manager, said that these resources will be used to finance the expansion of all company businesses.
Reportedly, this is a transaction between subsidiaries of Ripley Corp., the parent company, which "will not affect its assets, property or the amount of shares."
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
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