Chilean Investor Raises $260m

Chilean investment firm Sociedad de Inversiones Oro Blanco has raised CLP146.5bn ($260.2m), through a share rights offering to existing holders. The investment vehicle holding stakes in companies including chemical producer SQM sold 18.5bn shares at CLP7.92 each, a price reached through auction. Proceeds will fund future investments. LarrianVial managed the transaction. Oro Blanco shares closed at CLP9.00 Tuesday.