Chilean Multiexport Foods To List

Chilean salmon producer Multiexport Foods is planning to list around 20% of its stock on the local Santiago Stock Exchange next month, local media reported. The firm is looking to raise $70m from the offering and will kick off its roadshow in the last week of June. Local broker LarrainVial will coordinate. The planned IPO will make Multiexport the second Chilean salmon producer to float its stock locally, joining Invermar, which went public in 2005 raising $22m.