Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Parque Arauco Gains in Chile as Santander Calls Top Pick

Parque Arauco SA, a Chilean shopping-mall developer, posted its biggest weekly gain in a month after Banco Santander SA named it a top pick because of growing consumer demand and an attractive valuation.

Parque Arauco’s shares have climbed 2.2 percent this week, the most since the week ended Sept. 6. Today they rose 0.2 percent to 976.85 pesos at the close in Santiago. Chile’s benchmark IPSA index gained 0.7 percent.

Santander increased its estimate for this year’s private-consumption growth in Chile to 6.3 percent from 5.2 percent, according to an e-mailed note to clients dated today. Parque Arauco’s plan to sell 115 billion pesos ($230 million) in new shares sent the stock price tumbling by 9.1 percent from Sept. 26 to Oct. 1 and turned it into an attractive investment, according to Rodrigo Ordonez, an analyst at Santander.

“At this price, and considering that they will surely use the capital increase for growth plans, we like the stock,” he said in a phone interview from Santiago.

Parque Arauco, based in Santiago, is Chile’s third-largest shopping-mall developer and operator. The largest are Cencosud SA and Plaza SA, a unit of SACI Falabella.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.