Peru's Banco de Credito buys Chile IM Trust stake
SANTIAGO, April 24
SANTIAGO, April 24 (Reuters) - Banco de Credito, Peru's largest bank, said on Tuesday it has bought a 60.6 percent stake in Chilean brokerage IM Trust, as it expands services for investors on the new regional MILA stock exchange.
Banco de Credito, controlled by financial holding company Credicorp Ltd, had said it would look for opportunities in Chile after buying a controlling stake in Colombian brokerage Correval for $77 million in December.
Banco de Credito did not specify how much the Chile purchase was worth.
The stock exchanges in Colombia, Chile and Peru brought together their operations last year in the so-called Integrated Latin American Market (MILA).
IM Trust provides advisory, securities and investment management services in Chile, Peru and Colombia, according to its website.
- Pennsylvania newlyweds "just wanted to murder someone together:" police
- WTO overcomes last minute hitch to reach its first global trade deal
- U.S. freeze shows no sign of weekend melt after deadly storm
- North Korea frees U.S. Korean War veteran after seven weeks |
- Colorado baker discriminated by denying gay couple wedding cake: judge