Ingevec Advances IPO

Chile’s Ingevec has approved the resumption of its IPO plans, which had been put off in August. The construction and engineering company plans to sell up to 270m shares, the same amount as last year. The issuer had been looking last year to raise at least $30m-equivalent to fund expansion projects, with LarrainVial hired to manage the deal. Separately, the company named Enrique Dibarrart as CEO of the Constructora Ingevec unit.