February 27, 2018 / 5:35 PM / a year ago

Chile's BCI bank to propose $575 million equity issuance

SANTIAGO, Feb 27 (Reuters) - The board of Chile’s Bci bank , the third largest private financial institution in the country, said on Tuesday it will propose a $575 million equity issuance in its next shareholders meeting.

In a letter to Chile’s market regulator, Bci did not detail what the additional funds would be used for. The proposal comes after a string of acquisitions last December, including the purchases of Totalbank for $528 million and the financial business of Walmart in Chile for $148 million.

Reporting by Antonio de la Jara; Writing by Cassandra Garrison

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below