Chile’s Empresas Polar To Raise $212M

Empresas La Polar is seeking to raise around $212 million through a sale of new shares, Bloomberg reports. The Chilean retailer will sell a total of 250 million shares at $0.84 per unit.

The sale proposal is pending approval from its shareholder. Separately, the Chilean company is being investigated for a consumer-lending fraud.

Click here for the story from Bloomberg.