Chilean holding company Almendral has announced that its subsidiary Inversiones Altel has acquired 19.5 million shares in local telco Entel for Ps105.3bn (US$162.5m) via a capital increase. Almendral, which invests primarily in the telecoms sector, said in a statement that it plans to subscribe for an additional 16 million Entel shares and any others that are not acquired […]
