Independent journal on economy and transport policy
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Quiñenco (Luksic group) obtains the control of Chilean company CSAV
Completed the increase of capital for 1,2 billion dollars. Cessation of the share pact
February 17, 2012
The shipowning group Chilean Compañía American South de Vapores (CSAV) has completed the increase of capital for 1,2 billion dollars approved of from the extraordinary assembly of the shareholders 5th October. The South American group has announced yesterday that, as a result of the capital increase, the vital undersigned and poured of the CSAV is subdivided in 8.717.953.531 sets in action, of which 3.264.041.231 sets in action, pairs to 37.44% of the capital, of property of the Quiñenco group and 1.076.991.944 set in action, pairs to 12.35% of the capital, property of Marinsa.
Such difference between the quotas the two shareholders of reference last September places term to the which signed share pact from the Marítima de Inversiones (Marinsa) of the Grupo Claro and from the Luksic group, that it participates to the capital of the CSAV through the branches Quiñenco, Inmobiliaria Norte Verde and Inversiones Río Bravo ( on 13 September 2011). Between the conditions previewed for the cessation anticipated of the pact, whose lasted era it are fixed in 15 years, there is in fact the decrease of the shareholding of one of the parts at less than 15% or happening of a difference between the quotas participation of the parts advanced to 15%.
To conclusion of the capital increase the Luksic group, than through Quiñenco has invested altogether 547 million dollars in the capitalization of the company, obtains the control of the CSAV. The investment in the capitalization of Marinsa, than previously stopped about 20% of the CSAV so as Quiñenco, instead is piled to 100 million dollars. A quota the vital increase of pairs to 424 million dollars has been undersigned from other private and institutional associates, while remaining 129 million dollars are placed through an offer on the stock market.
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The shipowning group Chilean Compañía American South de Vapores (CSAV) has completed the increase of capital for 1,2 billion dollars approved of from the extraordinary assembly of the shareholders 5th October. The South American group has announced yesterday that, as a result of the capital increase, the vital undersigned and poured of the CSAV is subdivided in 8.717.953.531 sets in action, of which 3.264.041.231 sets in action, pairs to 37.44% of the capital, of property of the Quiñenco group and 1.076.991.944 set in action, pairs to 12.35% of the capital, property of Marinsa.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
