Parque Arauco Plans Share Sale

Chilean commercial property developer Parque Arauco is planning to raise COP110bn ($230m) through the sale of new shares, it says. The company will put the matter to a shareholder vote April 7. Proceeds would help fund Parque Arauco’s expansion in Chile and in Colombia and Peru. Arauco’s shares closed at CLP939.55 Wednesday, giving it a market cap of CLP573bn.