CASV said the shareholder interest in adding capital was “a strong demonstration of the shareholders’ significant support and trust in the future of the company.”
The Luksik group, a Chilean mining and investment group, increased its stake in CSAV in April and announced plans to seek an additional $500 million in capital. At the same time, CSAV said it would sell up to 49 percent of its shipping services and ports subsidiary subsidiary.
CSAV expanded rapidly after receiving a cash bailout of $770 million in 2009 from German shipowners, including Peter Dohle, which took a minority stake in the company in exchange for lower charter rates. The company jumped from 16th in global container ship capacity to seventh, measured in 20-foot-equivalent units.