Davis Polk advised the international placement agents in connection with the initial public offering of 240,000,000 common shares of Plaza S.A. by certain selling stockholders for an aggregate offering amount of approximately Ch$343.4 billion (approximately $534 million). The common shares trade on the Santiago Stock Exchange. The securities sold in the international offering were placed in reliance on certain exemptions from the registration requirements of the Securities Act.

Plaza S.A. is one of the largest mall operators in Latin America. Its portfolio consists of 21 malls across Chile, Peru and Colombia under the “Mallplaza” brand.

The Davis Polk corporate team included partner Maurice Blanco and associates Pedro J. Bermeo and Joshua S. Sills. The tax team included partner Mario J. Verdolini and associate Jonathan Saltz. All members of the Davis Polk team are based in the New York office.

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