The container line said it would sell 4bn shares at CLP 28.13 each, giving total proceeds of $203.7m, as part of a capital increase agreed ahead of its merger with Hapag-Lloyd.
The closing price in Santiago was CLP 21.77, down 3.67%.
It told the Santiago stock exchange that the sale will run from 4 July to 2 August.
When the merger is complete, the combined company will be headquartered in Hamburg, control approximately 200 vessels with a total carrying capacity of roughly 1m teu and boast combined annual turnover of around EUR 9bn ($12.4bn).
If
