Buenos Aires City, September 17, 2014 -- Maestro Peru S.A. (Ba3 negative) announced today that it was acquired by Sodimac Peru, a fully owned subsidiary of Grupo Falabella (unrated), for approximately USD492 million. Prior to the transaction, Maestro was controlled by Enfoca, a Peruvian private equity fund. Moody's sees the transaction as credit positive, considering that Maestro would benefit from the support provided by its new 100% shareholder, Falabella, one of the largest retailers in the region.
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