CHILE – In an extraordinary session, the Chairman of Masisa informed his Board of Directors that the controlling shareholder, Grupo Nueva, had informed him of the decision to carry out a formal and open process for the search of a partner that would allow the financial strengthening of the company and seize opportunities through an increase of capital, whether that partner invests in the Company directly or through Grupo Nueva, in any case maintaining the latter company control of Masisa. 

For the above, the controlling shareholder has contracted a consortium made up of the Colombian investment bank lnverlink and UBS lnvestment Bank.

Masisa’s Board of Directors agreed to communicate as essential information the information provided by its controlling shareholder so that it may be known by all shareholders of the Company. The Board also agreed to examine, in due course, the advisability of proposing to the shareholders an increase in the Company’s capital.

Masisa shall keep authorities, Shareholders and the market in general informed regarding decisions that it adopts in relation to this matter. Masisa, controlled by Grupo Nueva with a 67% share, has been executing a non-strategic asset sale plan since 2015, with a target of USD 130 million at the end of 2016. These funds are destined to decrease the debt of the company.