CCU Approves Equity Raise

CCU Approves Equity Raise

Chile Equity

Compania Cervecerias Unidas (CCU) has approved a CLP340bn ($680m) equity capital raise, it says, to help fund expansion plans. It plans to issue 51m shares and does not indicate details for timing. The new funds are an important move for the Chilean beverage company, say people familiar with its plans, and will allow it to finance growth, including increasing production. CCU plans to invest CLP1.35bn through 2020, and is also preparing to tap the domestic bond markets. In April, CCU registered u

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