Chile Economy Showing Signs of Recovery, Finance Minister Velasco Says

By Nathan Gill and Sebastian Boyd July 23 (Bloomberg) — Chile’s economy may be starting to recover from its slump as extra government spending spurs growth, Finance Minister Andres Velasco said today. Velasco has spent more than $4 billion this year on tax cuts and extra outlays. He will pull $8 billion from Chile’s offshore… Read More Chile Economy Showing Signs of Recovery, Finance Minister Velasco Says

Zell’s Fund Chases Brazil Assets as Economy Recovers

By James Attwood and Nathan Gill July 23 (Bloomberg) — Sam Zell’s Equity International is seeking new real estate-related investments in Brazil as record low interest rates accelerate growth in Latin America’s biggest economy. Equity International is looking to tap Brazil’s “relatively immature” commercial real estate finance business after selling assets in Mexico and Chile,… Read More Zell’s Fund Chases Brazil Assets as Economy Recovers

Chile’s CMPC Rallies on Speculation Pulp Outlook Is Improving

By James Attwood and Nathan Gill      July 20 (Bloomberg) — Empresas CMPC SA, Chile’s second-biggest pulp producer, rose the most in 10 weeks on speculation that recovering demand and prices will boost earnings.      CMPC, controlled by Chile’s Matte family, climbed 6.7 percent to 15,591 pesos in Santiago trading. It was the biggest jump… Read More Chile’s CMPC Rallies on Speculation Pulp Outlook Is Improving

Chile’s La Polar Rises Most in 2 Weeks on Demand Speculation

By Nathan Gill      July 13 (Bloomberg) — Empresas La Polar SA, a Chilean retail company that targets middle-income earners, climbed the most in two weeks on speculation that central bank measures to reduce credit costs will boost consumer demand.      The department-store owner rose 2.6 percent to 1,940 pesos in Santiago trading, extending a… Read More Chile’s La Polar Rises Most in 2 Weeks on Demand Speculation

Enjoy Raises $42 Million in First Chile IPO This Year

By Nathan Gill      July 8 (Bloomberg) — Enjoy SA, a Chilean casino operator, raised 23.1 billion pesos ($42 million) in the Santiago stock exchange’s first initial public offering this year.      Enjoy sold 462 million shares for 50 pesos each, the Santiago-based company said in a statement today. The stock fell 1 percent to… Read More Enjoy Raises $42 Million in First Chile IPO This Year

Enjoy to Sell Shares for 50 Pesos Each in Chile IPO

By Nathan Gill      July 8 (Bloomberg) — Enjoy SA, a Chilean casino operator, said it will sell shares for 50 pesos each in the Santiago stock exchange’s first initial public offering this year.      The company will announce the full amount raised at a ceremony at the exchange today, according to a statement posted… Read More Enjoy to Sell Shares for 50 Pesos Each in Chile IPO