Camanchaca to Debut in November

Camanchaca to Debut in November

Equity

Pesquera Camanchaca has opened the books on an IPO it plans to price November 30, which would be Chile’s first in almost a year. The fishery plans to sell 1.26bn primary and 126m secondary shares, and expects to raise $250m equivalent from the sale representing a 33% stake, it says. Camanchaca seeks working capital for its investment plans, including expanding its fishing operations and salmon production. It reports Ebitda of $25.4m for the first 6 months of 2010, up from $1.9m in the correspond

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