March 7, 2018 / 10:36 PM / in 2 months

Bice acquires Sura's Chile life annuity business for $230 million

SANTIAGO (Reuters) - Bicecorp SA BIC.SN, one of Chile’s largest financial institutions, said on Wednesday it acquired Grupo de Inversiones Suramericana’s SIS.CN life annuity business for $230 million, in a move to boost its insurance unit’s product offerings.

The deal is subject to regulatory approval.

Reporting by Antonio de la Jara; Writing by Luc Cohen; Editing by Matthew Lewis

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