Santiago subway to sell new shares

Santiago subway to sell new shares

Equity Chile Capital Markets Railroads

Chile’s Empresa de Transporte de Pasajeros Metro, a state-backed company that operates the subway system in Santiago, said it plans to raise CLP350 billion ($365 million) in the sale of new shares to existing shareholders to help finance the construction of a new line. The company said its shareholders approved the sale of the shares to the Chilean development agency Corporación de Fomento de la Producción, or Corfo, and the Tax Office at CLP19.10 each, according to a securities filing. The proc

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