CORRECTION:
ALREADY
CMPC
Santiago, July 29, 2022
Gentlemen
Financial Market Commission
PRESENT
ESSENTIAL FACT
Empresas CMPC S.A.
Registration of Securities Registry No. 115
Dear Sir or Madam:
By virtue of the provisions of article 9 ° and article 10 ° second paragraph
of the Securities Market Law, and in General Rule No. 30 of
The Commission for the Financial Market, I inform you in the capacity of
Essential Fact of Empresas CMPC S.A. (“CMPC”), which as of yesterday, the
subsidiary Softys S.A. entered into a contract for the purchase of all the
shares of the Mexican company Grupo P.I. Mabe, S.A. de C.V., hereinafter the
“Transaction”.
P.I. Mabe, S.A. de C.V. is a Mexican company dedicated to the development,
manufacture and distribution of wet wipes, baby diapers, products
adult incontinence and feminine hygiene products in Mexico and
other countries, mostly from Central America.
The Transaction considers that, at closing, Grupo P.I. Mabe, S.A. de C.V. will count
with an industrial plant in the city of Puebla, which consists of 26 lines
dedicated to the manufacture of baby, adult diapers and care products
feminine, which are marketed through the BBTips brands,
Chicolastic, Kiddies, BioBaby and others.
The seller is a subsidiary of the Belgian company Ontex Group, NV, which
will retain certain manufacturing assets and operations in Tijuana, Mexico, to
serve the U.S. market.
The price initially agreed for the shares of Grupo P.I. Mabe, S.A.
C.V. is approximately MXN$ 5,450 million, equivalent to US$ 268.6
million as of today, which will be paid on the closing date of the Transaction,
without prejudice to the usual price adjustments in this type of operations. By
another part, the approximate amount of MXN 500 million, equivalent to US$
24.6 million today, will be paid in installments and within a term
maximum of 5 years from the closing date of the Transaction.
The materialization of the Transaction is subject to a series of
Precedent conditions common in this type of operation, among which
account the authorization by Free Competition authorities in certain
Jurisdictions. There are no conditions attached to the financing of the
Transaction. Given the conditions agreed in the contract, it is expected that
The closing of the transaction occurs within the next six months.
CMPC’s strong financial position allows it to count on the resources
necessary to make the payment of the amount indicated. It is estimated that this
acquisition will have positive effects on CMPC’s results, without prejudice
that at the moment they are not possible to quantify.
Yours sincerely yours,
C.C.: Santiago Stock Exchange, Bolsa de Comercio de Santiago, Stock Exchange
Bolsa Electrónica de Chile, Chilean Stock Exchange
Risk Classification Commission
Agustinas 1343, Santiago
Chile
Phone (56-2) 244 12 000
www.cmfchile.cl
Link to file in CMFChile: https://www.cmfchile.cl/sitio/aplic/serdoc/ver_sgd.php?s567=ab3d41d40221ce02efc0f1621a5ff75fVFdwQmVVMXFRVE5OUkVrMVRtcE5lazFuUFQwPQ==&secuencia=-1&t=1682376108
