Chilean TV Preps IPO

Chile’s Canal 13 television station is planning an IPO targeting approximately $40m. The details remain to be set, though initial regulatory documents indicate a CLP20bn ($42m) sale. The timing could be as soon as 2Q, according to a person following the sale process. Celfin and Banchile are managing. Grupo Luksic owns 66% of the broadcaster, buying it in 2010 from the Pontificia Universidad Catolica de Chile, which retains a 33% stake. Chilean builder Moller y Perez-Cotapos (MPC) is planning to price an IPO of more than $100m March 26.