Morales & Besa advises Merrill Lynch Corredores de Bolsa SpA

January 1, 2015

Morales & Besa successfully advised Merrill Lynch Corredores de Bolsa SpA in its role as manager of a simplified tender offer carried out by Alliance Boots Chile SpA, by which the Offeror offered to acquire up to 9,166,941 shares issued by Farmacias Ahumada S.A., in compliance with the provisions of paragraph 5th of article 198 of the Chilean Securities Market Law. The price per share was CLP$239.1. This tender offer was the second one carried out by the Offeror over FASA shares and was carried out with the intention to close the company. Due to the result of the tender offer the Offeror owns approximately 99,4119% of the issued shares of FASA. The total value of the deal was up to CLP $ 2.191.815.593.

Baker & McKenzie Ltda. advised the Offeror.

In the transaction the M&B team was led by partner Eugenio Besa J.-H with associates Andrea Díaz T., Josefa Rodríguez B. and Vicente Valdés D.

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