Salfacorp Shareholders Approve Capital Increase

Shareholders of Chilean construction company Salfacorp authorized the company to raise about $255m equivalent by issuing 75m shares in the local market, the company says. The amount of shares represents about 15.8% of the company’s equity. Proceeds from the capital increase will be used to finance Salfacorp’s expansion in Chile, Peru and Colombia. Salfacorp’s shares closed at CLP1,560, down 2.10%.