[IMGCAP(2)]MPE's total asset value is approximately $97 millionwith a debt of $24 million. According to the company's 2008estimates, MPE will generate earnings before interest and tax,depreciation and amortization or Ebitda of $12 million, which isapproximately 23% of Parque Arauco's consolidated 2007 Ebitda.

Parque Arauco recently also completed the purchase of the PlazaEl Roble Mall in Chillan, Chile. That, plus the purchase of theSantiago mall would increase Parque Arauco's consolidated 2007Ebitda by more than 35%.

"This acquisition further strengthens Parque Arauco's leadershipposition in Chile in all socioeconomic segments and is an importantpart of the company's new corporate strategy which encompasses theexpansion of operations within Chile and the internationalizationof Parauco in Latin America," says Andres Olivos, CEO of ParqueArauco in a prepared release, describing the facility as one of themost important malls in Chile.