Southern Cross Raises US$124.7 Million After the Sale of Its Shares in SMU - La Tercera

Southern Cross finally came out of SMU. This Friday the 649,442,979 shares of the Supermarketer, equivalent to 11.26% that owned the private equity.The award price was $180 per paper, almost equivalent to the $180.5 that it registered at its closing on Friday. Thus, the auction - by BTG Pactual - raised $116 billion, equivalent to $124.7 million.The competitive demand reached $286 billion.The prorata implied that international investors would ke…