Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Madeco Jumps After Announcing Company Split: Santiago Mover

Madeco SA, the wire producer owned by Chile’s richest family, rose the most in 14 months after saying it will consider splitting off its stake in a French company into a separate unit.

Madeco’s shares advanced 7 percent to 19 pesos today in Santiago for the biggest gain since Nov. 30, 2011.

The company’s board instructed management to begin studying the steps required to separate the company into two, according to a filing sent to Chile’s regulator yesterday after the market closed. One part would hold Madeco’s holding in French wire producer Nexans SA. The second would hold interests in industrial units such as packaging company Alusa SA and metal tubes producer Madeco Mills SA.

Such a split could attract investors seeking more tailored bets on the company’s operations, according to German Guerrero, a partner at Santiago-based brokerage and asset management firm MBI Inversiones.

“If you buy Madeco’s stock today on a bet on Chile’s construction sector, you get exposure to Europe and maybe you don’t want that at all,” Guerrero said in a telephone interview from Santiago.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.