Invexans lines up share issue

Invexans lines up share issue

M&A Equity Chile Latin America

Chilean copper cable manufacturer Invexans is seeking authorization to issue $811 million in new shares as part of its planned merger with Inversiones Río Argenta. The deal would involve the issue of 28.5 billion new shares, according to documents filed with the securities regulator CMF. In March, Invexans approved the merger with Río Argenta, which owns Enex, the operator of more than 450 service stations in Chile under the Shell brand. Invexans said at the time that it plans to expand Enex's o

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial