Chilean Advances Capital Raise Plans

The board of Chile’s Invexans plans to submit to shareholders in November a $250m capital raise, it says. The Chilean cable manufacturer split from Madeco would use the funds primarily to increase its participation in French cable maker Nexans. Invexans has the option to lift its share in Nexans to 28% until November 2015. Luksic family vehicle Quinenco controls Invexans with a 66% stake.