• ITVI.USA
    15,536.540
    74.080
    0.5%
  • OTLT.USA
    2.754
    0.002
    0.1%
  • OTRI.USA
    20.490
    -0.180
    -0.9%
  • OTVI.USA
    15,507.170
    69.970
    0.5%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
  • ITVI.USA
    15,536.540
    74.080
    0.5%
  • OTLT.USA
    2.754
    0.002
    0.1%
  • OTRI.USA
    20.490
    -0.180
    -0.9%
  • OTVI.USA
    15,507.170
    69.970
    0.5%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
American Shipper

Angelini to sell 18% stake in CSAV

Angelini to sell 18% stake in CSAV

   The Angelini group, a major stockholder in Compania Sudamericana de Vapores (CSAV), is selling an 18-percent stake in the Chilean shipping company.

   The operation should fetch about $320 million at current stock prices. It was described as “one of the largest stock exchange transaction in the country” by a spokesman for BICE Chileconsult, a financial adviser to Angelini. The Angelini group owns 135 million shares in CSAV through AntarChile S.A and Inversiones Angelini.

   CSAV has a total market capitalization of about $1.8 billion and is the largest shipping group in South America.

   A “road show” to sell the shares started in Chile in the last week of December and an international road show commenced in New York Thursday.

   A spokesman for BICE Chileconsult said the proposed transaction is generating “significant interest amongst both Chilean and international investors.”

   Founded in 1872, Vapores has grown from being a local shipping operation in Chile to become an international player, partly by acquiring fellow carriers Norasia, Libra and Montemar.

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