CSAV raises $500 million

CSAV raises $500 million    Chilean container shipping company CSAV said last week 85 percent of a new rights issue had been subscribed and paid, producing a sum of $430 million.
   'The great interest of the shareholders in the first round in subscribing for the remaining shares of this issue allows us to confirm that the $500 million of the issue will be fully subscribed,' the company said.
   The company said earlier this year it was seeking to raise funds to strengthen the capital structure of the company, possible acquisition of vessels, and general operations.