Patio to sell new shares

Patio to sell new shares

Corporate & Sovereign Strategy Equity Chile Capital Markets Commerce

Chilean shopping mall operator Patio Comercial said its shareholders approved plans to sell CLP23.4 billion ($28.8 million) worth of new shares, building on a $100 million capital increase in 2020. The proceeds of the new capital increase will be used to fuel its growth in Chile. "We are going to continue investing in our country because we believe in Chile, in its people and in the tremendous opportunity for progress that we can generate together," CEO Álvaro Jalaff was quoted as saying by onli

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