Quiñenco increases stake in shipping company

Quiñenco increases stake in shipping company

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

Chilean financial and industrial conglomerate Quiñenco has acquired an additional 4.5% stake in Chilean shipping company Compañía Sud Americana de Vapores (CSAV) for CLP105 billion ($148 million). Quiñenco picked up the 2.3 million shares at an auction managed by Banchile on Monday. The conglomerate did not respond to requests for comment on how it financed the purchase or if it paid with cash. Last June, the company raised UF4 million (then $141 million) in the sale of two series of inflation-l

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