Parque Arauco roadshowing to raise $200m

Parque Arauco roadshowing to raise $200m

Equity

Chilean shopping-mall developer Parque Arauco is roadshowing in Chile to pave the way for an equity capital raise of up to CLP115bn ($200m). Arauco started meetings with Chilean pension funds, investment funds, mutual funds, and other institutional and non-institutional investors on Tuesday. The meetings finish today. On Tuesday, the controlling group agreed to subscribe the shares they have preferential rights to, and other main shareholders have also confirmed their interest to subscribe, a so

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