Sonda Plans Equity Raise

Sonda Plans Equity Raise

Chile Equity

Chilean IT provider Sonda plans to raise CLP150bn ($312m) in fresh equity, it says, to help fund growth in LatAm. The company does not disclose if this will include a public sale, and the matter is to be put to a shareholder vote August 24. The process will help fund a $700m 2013-2015 expansion plan. About $200m of the plan is to be organic, and $500m should come through acquisitions. It is targeting growth outside Chile, specifically in Brazil Mexico and Colombia. The company would use equity t

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