October 8, 2019 |
Chilean financial services conglomerate Grupo Security said it plans to raise up to 100bn pesos ($140m) from the sale of new shares to finance expansion as competition increases from financing technology companies.
The company said its shareholders approved the issue of 415 million new shares over the next three years, according to a press release late last week. Grupo Security’s stock prices closed on Monday at 245 pesos per share, according to data provider Refinitiv.
Francisco Silva, the chai
Financial services group to sell more shares to expand business banking