Chilean container shipping line CSAV has staved off the spectre of bankruptcy after it put together a US$710m capital raising plan in agreement with the Hamburg-based shipowners that own much of its chartered fleet. CEO Juan Antonio Alvarez said that a $130m capital raising programme through existing shareholders was underway and expected to be concluded in June. A second capital increase of $220m will follow that, while a group of Hamburg shipowners have guaranteed to raise a third tranche of $360m.
Green Marine
about 17 years ago
CSAV pulls together emergency fund deal
Chilean container shipping line CSAV has staved off the spectre of bankruptcy after it put together a US$710m capital raising plan in agreement with the Hamburg-based shipowners that own much of its chartered fleet. CEO Juan Antonio Alvarez said that a $130m capital raising programme through existin
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