TV IPO Receives Regulatory Go-Ahead

Chilean Regulators have approved the IPO plans of the Canal 13 television station, which is targeting approximately CLP20bn ($40m). It remains unclear if the issuer will target a deal before the end of the year, or if it will wait until 2014. 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.