Rentas Libra in Talks for Embonor Stake

Chilean holdco Rentas Libra is in talks to 45% of the voting rights, or about 232m shares, in Coca-Cola Embonor. Embonor, a local distributor of Coca-Cola and other beverages, is a subsidiary of Coca-Cola de Chile. The deal is valued at an estimated $923m equivalent including the assumption of debt, according to Dealogic. The acquisition would increase Rentas Libra’s stake in the company to 79%. For the 9 months to September 2010, Embonor reported CLP44.5bn in Ebitda, a 6.1% increase over the same period the previous year, according to company information. The companies were not available for comment.