Chile’s Sigdo Looks To Up Capital By $370M

Chile’s Sigdo Koppers is seeking shareholder approval for a capital increase.

Chile’s Sigdo Koppers is seeking shareholder approval for a capital increase, Reuters reports. The industrial group is planning to raise its capital by $370 million.

The move comes as the company plans to expand overseas. The capital increase will be carried out by issuing shares, whose price and other details will be disclosed at a shareholders meeting on October 21.

Click here for the story from Reuters.