Friday , August 12 2022

Cruzados S.A. only increased 78% of what was expected in the capital increase



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The concessionaire's capital was reduced to $ 19.2 billion

Cruzados S.A., the concessionaire managing the football club Universidad Católica, reduced its capital from 21 210 million to 19 200 million. This was reported yesterday by the company through a substantial fact sent to the Commission for the Financial Market (CMF, former SVS).

In the document, he also explained that the reduction was generated, because in the capital increase, approved in 2015 and ended in the month, he raised less resources than he expected.

According to the issuance of payment shares until October 21, announced on the Santiago Stock Exchange, more than 35 million shares were $ 5,563 million, but were subscribed and paid over 27 million titles, amounting to $ 4,124 million.

The injection of resources was made to finance three areas: the professional staff; strengthen the work of formative football and improve the infrastructure of the institution.

Consortium: José Antonio Garcés leaves life and insurance directories after 18 years.

Times of change in the Financial Consortium. The real estate company linked to the families Garcés Silva, Hurtado Vicuña and Fernández León, reported yesterday that the board of life insurance and insurance policies released the board of José Antonio Garcés, who spent 18 years in the board, the board.

However, the historical director will be associated with the Group as part of the Board of Directors of Consorcio Financiero. This change is part of a restructuring that increased the board members of the business unit from 7 to 9.

José Antonio Garcés Silva, Bonifacio Bilbao De Raadt and an independent Ricardo Lagos and Michelle Bachelet minister, Jorge Rodríguez Grossi, join the new table. The company stated that the amendment aims to "increase the number of Board members' participation in the various committees included in its corporate governance."

In parallel, Consorcio Financiero reported the placement of a bond loan on the domestic market of $ 82 million with a remaining maturity of 9.5 years. This transaction, conducted by LarrainVial, aims to increase the capital of Banco Consorcio, commenting on the company.

In the same line, an extraordinary general meeting of Banco Consorcio agreed to make a $ 55,000 million capital injection, fully subscribed and paid by Consorcio Financiero.

"The bond and Banco Consorcio's capital contribution is to continue to strengthen us patronically to continue developing the bank, boosting strong growth in placements and new business by Personal Banking," commented Consorcio Financiero, Marcos Büchi.

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