CSAV concludes successfully capital increase

Celfin Capital acted as Financial Consultant and exclusive Placement Agent in the capital increase of Compañía Sudamericana de Vapores (CSAV) which second period of preferential option concluded successfully.

In this way, the shipping company ended the operation for US$ 1.200 million, agreed in the extraordinary meeting of shareholders carried out on October 5, 2011. The capital increase was carried out by issuing 5.867.970.660 payment shares at a value of US$ 0,2045 per share, in the following stages:

CSAV raised approximately US$ 658,97 million during the preferential option period that concluded on January 17, 2012, by the placement of 3.222.357.834 payment shares.

At the same time, US$ 128,84 million were obtained in a placement of 630.000.000 shares of payment to third parties in the Santiago Stock Exchange on January 25, 2012.

Finally, on February 15, 2012, CSAV concluded the “second round” started on February 10, 2012, period in which placed the remaining 2. 015.612.826 payment shares to shareholders with the right to participate on it, raising approximately US$ 412,19 million.

Celfin Capital counted with the exclusive mandate of CSAV, controlled from now by the Luksic Group, which successful capital increase will allow the company to develop its business plan and position again as one of the world leading shipping companies.