Sociedad de Inversiones Alpes Limitada made an offer to acquire an additional 10.29% stake in Azul Azul S.A. (SNSE:AZUL AZUL) for CLP 4.1 billion on January 27, 2015. Sociedad de Inversiones Alpes will launch a tender offer to acquire approximately 3.76 million Series B shares of Azul Azul at a price of CLP 1,100 per share. The tender offer is subject to the acceptance of at least 3.76 million shares on the offer, which is equal to 10.29% stake.

The tender offer announcement will be published on February 2, 2015. The offer period will run from February 2, 2015 until March 3, 2015. As on January 29, 2015, Sociedad de Inversiones Alpes Limitada signed an agreement to acquire 10.29% stake in Azul Azul S.A. LarrainVial S.A. acted as financial advisor for Sociedad de Inversiones Alpes Limitada.