Embotelladora Andina finishes follow-on equity offering

Embotelladora Andina finishes follow-on equity offering

Capital Markets Equity Chile

Embotelladora Andina has finished its follow-on equity offering, raising about $199m in a share auction last Friday. The Chilean Coca-Cola bottler sold 40.9m series B shares for CLP2,950 ($4.8) apiece, above the starting auction price of CLP2,945. The secondary sale equaled 4.3% of Embotelladora Andina's share capital and the Berger family was the selling stock holder. Banchile and JPMorgan coordinated the accelerated bookbuilding process last week, accepting 1,555 orders. According to a securit

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