CAP to hold shareholders' meeting Apr. 14
Bnamericas Published: Wednesday, March 30, 2005
Chilean iron and steel company CAP (Compañía de Acero del Pacífico) will hold a general shareholders' meeting in Santiago on April 14, the company announced. The meeting will review the company's balance sheet, financial results and cash flow for 2004, and vote on dividends and directors' pay. A directors' meeting on March 4 proposed to distribute a total of US$62mn in dividends. CAP's major shareholders are investment society Invercap (28.18%) and several Chilean pension funds. CAP recorded a 69.6bn-peso (US$119mn) net profit for 2004, more than five times the 12.8bn pesos for 2003, BNamericas reported in February. The company has iron ore mines in northern Chile operated through its mining unit Minera del Pacífico and owns the Huachipato steel complex in south-central Region VIII.
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