Interbank Owners Acquire Inmisa

Grupo Rodriguez Pastor has acquired a 60% stake in Inmobiliaria Milenia (Inmisa). According to a banker on the deal, the Peruvian conglomerate, which owns financial group Interbank and retailer Supermercados del Sur, acquired the stake in the real estate company for about $33m equivalent via an auction on the local Bolsa. Sociedad Agente de Bolsa Inteligo, another subsidiary of the conglomerate, represented the buyer. Another 30% was acquired by Continental Bolsa at PES5.16 per share. Inmisa workers, who were also represented by Inteligo, took the remaining 9% also at PES5.16 per share, says another banker on the deal. He notes that the seller, government controlled investment fund Fonafe, had established a base price of PES5.06 per share, or about $42m, and that the price paid by the buyers is 2.4x that price. Celfin handled the sale.