Enjoy plans share sale despite crisis

Enjoy plans share sale despite crisis

Equity Capital Markets Corporate & Sovereign Strategy Chile Andean Latin America Coronavirus

Chilean hotel and casino operator Enjoy said it will ask shareholders to approve the sale of $150 million in new shares, helping to shore up the company's finances and push ahead with investment plans.  The proposal will be made at a meeting on April 24, the company said in a securities filing on Thursday. Enjoy's decision to sell shares comes after social protests in Chile hit the company late last year and as the coronavirus outbreak cuts into revenues this month because it has had to close

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