SANTIAGO -(Dow Jones)- Five Chilean companies are mulling initial public offerings this year on the Santiago Stock Exchange, including food processor, Agrosuper, daily newspaper La Tercera reported Monday.
More companies are aiming to list shares on the local bourse as Chile quickly recovers from a 2009 recession and last February's devastating earthquake.
Chilean seafood exporter and farmed-salmon producer Pesquera Camanchaca SA (CAMANCHACA.SN) was the lone IPO on the Santiago Stock Exchange last year, when it issued shares in early December. The previous two companies to make their debuts on the bourse were retailer Empresas Hites SA (HITES.SN) and soccer holding company Cruzados SADP (CRUZADOS.SN), which manages the Universidad Catolica soccer team. Both of those IPOs were in December 2009.
Agrosuper has hired local investment banks Banchile Inversiones and LarrainVial to spearhead the process needed for an IPO, La Tercera reported.
Company representatives at Agrosuper weren't immediately available for comment.
Salmon and trout producers Empresas AquaChile SA and Yadran, pharmaceutical company Corporacion Farmaceutica Recalcine and the country's second largest casino and hotel operator, Dreams, will likely also seek IPOs this year.
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