Interbank Group acquires Ahold retail business in Peru

The Interbank Group acquired Supermercados Santa Isabel, the retail business of Ahold in Peru.

The transaction was structured as a transfer of shares through the Stock Exchange from Ahold to Interseguro, Interbank and Compass Capital Partners, who paid around US$ 29 million.

In addition, Compass Capital Partners will pay Ahold US$27 million to acquire the credits of Ahold against Supermercados Santa Isabel, an amount that would then be capitalized, turning this investment fund into the majority shareholder of the company.

The management team of Supermercados Santa Isabel also participated with options to acquire up to 2.5% of the share capital, as a result of an agreement reached with the Interbank Group.

Estudio Luis Echecopar García acted as counsel for Ahold through Agustín de la Puente.

Estudio, Bellido, Saco Vertiz y Bellido acted as counsel for the Interbank Group through Carlos Saco Vertiz.

Estudio Rubio, Leguía, Normand & Asociados acted as counsel for the management team through Juan García Montúfar.