Chile’s Empresas CMPC Gains on Report of $600 Million Financing
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Empresas CMPC SA rose for a second day after a newspaper report said Chile’s second-largest pulp exporter secured $600 million in financing through a syndicated loan and credit line.
CMPC advanced 1.5 percent to 1,698 pesos at 12:07 p.m. New York time, after earlier surging as much as 3.4 percent. The company is headed to its biggest gain in more than two weeks.