La Polar Set for Share Subscription

La Polar Set for Share Subscription

Chile Equity

Chile's La Polar has received final approval for an equity sale targeting CLP120bn ($249m), it says. The retailer will start meeting local investors next week as it looks to raise 750m new shares as part of an agreement with creditors following the disclosure of heavy losses last year. Participating shareholders have until Tuesday to register their intent, with the subscription period opening September 3. The price of the subscription will be equal to the average price of the three days prior to

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