CSAV group to issue shares
Compania Sudamericana de Vapores, parent company of Norasia Container Lines, Libra and Montemar, will make a secondary offering for 15 percent of its shares this month, Reuters reported.
The stock price in the Chilean shipping company, listed on the Santiago stock exchange, has doubled in the past year.
Controlled by Chilean businessman Ricardo Claro Valdez, Compania Sudamericana de Vapores is South America’s largest liner shipping company.