Shareholders of Chilean regional shipper Vapores have approved a $1.2 billion capital increase to boost finances, Reuters reports. Quinenco is expected to finance $1 billion of the capital raise and Maritima de Inversiones will finance $100 million and shareholders the remaining $100 million.

The Luksic family’s holding group Quinenco has invested $240 million in the shipper in 2011. Vapores raised $430 million in a separate capital hike in July, also to bolster its business.

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