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BRIEF-Chile antitrust regulator approves Advent's purchase of Enjoy stake
October 6, 2017 / 5:32 PM / 14 days ago

BRIEF-Chile antitrust regulator approves Advent's purchase of Enjoy stake

Oct 6 (Reuters) -

** Chile antitrust regulator approves U.S. private equity fund Advent International’s purchase of stake in casino and hotel operator Enjoy, the company said Friday in note to securities regulator

** Enjoy is largest entertainment company in Chile, with 39 percent of the market

** Company operates 10 casinos and hotels in Chile, Argentina, Uruguay and Colombia

** Chile’s Martinez family, owner of 57 percent of Enjoy, pledged not to exercise preferential rights in capital increase

** Deadline for the operation to close is mid-March 2018

** Enjoy shares on Santiago stock exchange flat at 57 pesos($0.0901) on Friday ($1 = 632.8000 Chilean pesos) (Reporting by Felipe Iturrieta; Writing by Luc Cohen)

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