In the context of COVID-19 Argentina, Uruguay and Chile are organising a forum to attract investors with a focus on emerging companies. The Southern Cone Investment Forum (FICS) is a virtual event that aims to show the strength and economic appeal of these South American countries. The event will be held on 24th & 25th November.
Banco Santander-Chile announced an annual dividend. Shareholders will be paid a dividend of $0.465 per share by the bank on December 4th. This represents a yield of 3.7%. This is a boost from Banco Santander-Chile’s previous annual dividend of $0.42.
MSC Mediterranean Shipping Company is pleased to introduce an express service for cherry and fresh fruit cargo from Chile to Asia, effective 18 November 2020. To reinforce the express service offering, MSC will also deploy two more vessels exclusively for weeks 49 and 51. The Cherry Express service will connect Valparaiso, Chile with a fast transit time to Hong Kong in 23 days. Shipments will arrive in Nansha and Shanghai in 25 & 26 days respectively, via transshipment from Hong Kong.
Nueva Inversiones Pacífico Sur Limitada (Pacífico Sur) has completed the process to acquire the casino operator Sun Latam SpA (Sun Dreams). The Chilean company filed the official document to the Financial Market Commission (CMF) this week. In August, the two firms announced an agreement for Pacífico Sur to acquire 65% of Sun Dreams, which was previously operated by both companies. By sending the document to the CMF, they have established that Sun Dreams is now a 100% Chilean company.
One of the unions on strike at Chile’s Candelaria copper mine rejected a contract offer from the company on Tuesday, confirming the strike would continue. The Candelaria Union rejected the proposal by a vote of 366 to 159, said union head Evelyn Walter.