SalfaCorp Plots Capital Raise

Chilean builder SalfaCorp plans to raise CLP61.88bn ($131m) through a private share subscription open to existing holders, according to a company finance official. It has set a price of CLP1,650 for each of the 37.5m shares available in the offer. This is half of the 75m shares it had been authorized to sell. Proceeds will help fund the acquisition of 80% of Panamanian builder Intercoastal Marine. SalfaCorp shares closed at CLP Wednesday. Salfacorp shares closed Wednesday at CLP1,834.40.