Polpaico plans share sale for Gamma merger

Polpaico plans share sale for Gamma merger

M&A Equity Capital Markets Chile

Chilean cement maker Cementos Polpaico said it plans to sell CLP74 billion ($92 million) in shares as part of a merger with Gamma Cementos. Polpaico, the largest cement company in Chile, intends to sell 7.66 million shares in the follow-on offering, according to documents filed with the securities regulator CMF. The company will use the proceeds to pay Gamma's owners. Polpaico announced an all-share deal to acquire Gamma on February 18 and closed the deal on March 30, valuing the merged company

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