S.A. Inmobiliaria Sport Francais (SNSE:SPORTFRAN) announced that it has entered into an agreement for a private placement of 800 class A shares and 400 class B shares at CLP 2,500,000 per share for aggregate gross proceeds of CLP 3,000,000,000 on November 24, 2015. The transaction is expected to close within three years from announcement. The current capital of the company is CLP 248,442,422 divided in 3,600 class A shares and 1,800 class B shares.

The transaction has been approved at the extraordinary board of shareholders' meeting of the company.