Chile’s Colo Colo To Return To Equity Market

Chile’s first football club to list on the stock exchange says it is planning to return soon to the capital markets to raise more financing. Blanco y Negro, the company that runs the club, says it plans to increase its share capital by issuing 25 million new shares worth around $14 million. Blanco y Negro floated on the Santiago Stock Exchange in June when it issued 100 million shares at 184.7 pesos per share. A second club, Union Española, is due to list on the exchange soon.