BRIEF-Almendral raises stake in Entel through Inversiones Altel

viernes 15 de julio de 2016 11:05 GYT

July 15 (Reuters) - Almendral SA :

* Said on Thursday that its unit Inversiones Altel Limitada has subscribed for 19.5 mln shares of Empresa Nacional de Telecomunicaciones (Entel) for 105.3 billion Chilean pesos ($162.53 million)

* Will also subscribe for further 16 mln of Entel's shares

* The unit also plans to subscribe for any shares which will not be acquired by other Entel's investors

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Further company coverage: ($1 = 647.8800 Chilean pesos) (Gdynia Newsroom)