Chilean Investor Plans Share Sale

Chilean investment firm Sociedad de Inversiones Oro Blanco is set to sell 18.5bn shares today, it says in a regulatory filing. The shares will be sold at a minimum price of CLP6.746 through an auction. It does not indicate the use of proceeds for the sale, and manager LarrainVial declines to provide information beyond the filing. Two vehicles controlled by Oro Blanco president Julio Ponce Lerou plan to purchase an amount in proportion to their holdings, the filing says. Oro Blanco shares closed at CLP8.89 Monday.