Ripley Plots Share Sale

Chile’s Ripley plans to seek shareholder approval October 10 for an issue of 400,000 shares, it said in a regulatory filing. The company says it expects the offer to yield CLP250bn. It did not specify use of the proceeds, but is expected to be seeking financing for new investments in the next two years. Ripley, with operations in Chile and Peru, is controlled by Grupo Calderon.