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Masisa Controller Buys $179m in Stock
GrupoNueva has bought CLP80.5bn ($179m) in shares of Chilean wood board maker Masisa. The Chilean investment group paid CLP115m per share for 700m shares, increasing its stake in Masisa to 65% from 35%. This was a premium of 15% to the previous day’s close of CLP98.01. IM Trust managed the transaction.