Shareholders of Puerto Ventanas, a Sigdo Koppers subsidiary, approved a US$100 million capital increase in an extraordinary meeting to fund strategic investments. The move supports the acquisition of Puerto Andino assets from Engie Chile.
Puerto Ventanas announced that its shareholders approved on Wednesday, at an extraordinary general meeting, a US$100 million capital increase for key investments. The funding will come from issuing 660 million shares and ties into a promise-of-sale contract with Engie Chile to purchase Puerto Andino assets in Bahía de Mejillones, Antofagasta Region. The deal, revealed last month, also covers the transfer of the associated maritime concession. Funds will support the acquisition plus investments and upgrades to boost strategic and commercial opportunities, including infrastructure for new clients and ongoing development at the Puerto Ventanas terminal in Puchuncaví commune. The approval enables an investment plan of up to US$250 million by 2030. Sigdo Koppers executive chairman Juan Eduardo Errázuriz stated: “This is a key step that strengthens Puerto Ventanas S.A.'s growth outlook. Incorporating Puerto Andino and related improvements allows us to expand capacities, develop infrastructure for new clients, and continue contributing to more competitive port logistics for Chile and Southern Cone countries.” The company will proceed with the sales process, pending required authorizations.
