Andino Investment Holding S.A.A. entered into a share purchase and sale agreement to acquire W Capital Holding S.A. from NISA Inmuebles S.A. and AYF Wiese Sa.
The transaction is subject to approval of offer by acquirer board. The deal has been unanimously approved by the board.
It is estimated that this would occur within the following 4 (four) months of the signing of the Agreement. The effectiveness of the sale and purchase is subject to the condition that the Superintendency of the Securities Market authorizes the transfer of the shares of W Holding, by virtue of which more than ten percent (10%) of the indirect ownership of W SAFI will be transferred.