Mergers and Acquisitions
The procedure of acquiring a company in Chile has less requirements than other jurisdictions. For example, there are no specific rules for Joint Ventures, there isn’t “stamp taxes” or determined stock exchange filings in connection with the operation, or no previous disclosures required between private companies.
The merger and acquisition operation summary will depend regarding the kind of corporation that will be merged or acquired. Private corporations (Limited Liability Company, Closely Held Corporation, and Simply-held Corporation) have a less regulated procedure. By the other side, Public/Open corporations (Openly-held Corporations, companies ruled by the SVS or in regulated markets) have specific limitations and procedures.