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.
News
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
Reach the Offshore Energy industry in one go!
Offshore Energy is read by thousands of professionals every day.
Increase your visibility with banners, tell your story with a branded article, and showcase your expertise with a full-page company profile in our business directory.
Follow Offshore Energy on: