CCU Wraps up Equity Raise

CCU Wraps up Equity Raise

Chile Equity

Compania Cervecerias Unidas (CCU) has concluded the second step in an equity follow-on raising CLP325bn ($658m), it says. The Chilean beverage company had a 98% hit rate, selling 50m of the 51m shares on offer, including of 27.4m of 28.4m shares available in the preferential rights period closed Thursday. The shares sold at a CLP6,500 price that was set last month during the first phase, in which 22.6m shares were sold. Shares in the market closed at CLP Thursday. CCU is raising funds for organi

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