 Paseo de la Estacion Mall |
MPE's total asset value is approximately $97 million with a debt of $24 million. According to the company's 2008 estimates, MPE will generate earnings before interest and tax, depreciation and amortization or Ebitda of $12 million, which is approximately 23% of Parque Arauco's consolidated 2007 Ebitda.
Parque Arauco recently also completed the purchase of the Plaza El Roble Mall in Chillan, Chile. That, plus the purchase of the Santiago mall would increase Parque Arauco's consolidated 2007 Ebitda by more than 35%.
"This acquisition further strengthens Parque Arauco's leadership position in Chile in all socioeconomic segments and is an important part of the company's new corporate strategy which encompasses the expansion of operations within
 Paseo de la Estacion Mall |
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