Blumar aims to raise $40 mln in share sale

Blumar aims to raise $40 mln in share sale

Equity Capital Markets Chile

Chile's Blumar Seafoods said it plans to ask shareholders for approval to raise $40 million through the sale of new shares, as more companies line up deals on the local stock market. Blumar, which exports fresh and frozen salmon to Brazil, Russia and the United States, said it will call a meeting of shareholders to vote on the proposal sometime in the next 30 days, according to a securities filing late on Monday. Before that, Blumar said it will hire an investment bank to advise it on the sale a

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