Thursday, July 19, 2007

Citi Chile and Banco de Chile to merge

(Reuters) - Under the terms of the agreement, Citi will take a 32.96 percent stake in Banco de Chile's parent company, LQ Financial Investments , currently wholly owned by Chilean manufacturing conglomerate Quinenco .




Banco de Chile's assets in the Andean nation, valued at $6.015 billion, will be merged with those of Citi in Chile, valued at $701 million.


Read more at Reuters.com Bonds News

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