Inversiones Agrícolas y Comerciales S.A. (SNSE:IACSA) announced a private placement of 79,787,234 common shares at a price of CLP 94 per share for gross proceeds of CLP 7,499,999,996 on June 29, 2016. The round will include participation from existing shareholders of the company. The transaction has been approved by the shareholders of the company at its general meeting.