Quinenco Seeks Capital Raise

Chile’s Quinenco is looking to raise CLP225bn ($477m) through an equity issuance. Shareholders are set to vote on the matter October 6. The holdco for Grupo Luksic assets has been in an acquisitive mode of late, agreeing to buy fuel distributor Terpel Chile from Empresas Copec at the beginning of the month for $320m equivalent. It also will exercise its rights in $1.2bn equity raise for Chilean shipper Vapores, of which Luksic companies form part of a block holding 41%. Shares closed at CLP1,308.50 Tuesday.