Independent journal on economy and transport policy
23:22 GMT+2
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CSAV the increase of capital for 202 million dollars
the quota participation of the Quiñenco group is gone up by 46.0% to 54.5%
August 14, 2014
the shipowning society Chilean Compañía American South de Vapores (CSAV) has communicated to have completed with success the increase of capital in option for a total of 202 million dollars through the emission of four billions of new actions. After to have collected 108 million dollars with the first phase of the offer, yesterday the second phase with the quota remaining of actions offered to the investor is completed that they had expressed interest to sign the new quotas the society( 8 the5of and August 2014).
CSAV has specified that within this increase of capital the Quiñenco, the Chilean group that controls the shipowning society, has undersigned sets in action for total 176 million dollars elevating own participation from 46.0% to 54.5%.
the shipowning company has remembered that the economic resources collections with the capital increase will be used in order to complete the financing for the acquisition of seven new portacontainer from 9.300 teu and in order to satisfy some conditions for the possible performance of the plan of fusion of the activities of containerized marine transport with those of the German Hapag- Lloyd( 16of 17April 2013 and April 2014).
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