Santander sells stake in Chile unit for $290 mln

SANTIAGO Wed Feb 16, 2011 10:39am EST

SANTIAGO Feb 16 (Reuters) - Spain's Banco Santander (SAN.MC) sold a 1.9 percent stake in its Chilean affiliate Santander Chile STG.SN (SAN.N) at auction on Wednesday, raising $290 million, a bourse official said. (Reporting by Felipe Iturrieta, editing by Gerald E. McCormick)

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