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Chile: Scotiabank acquires 68% of BBVA

By  |  June 12, 2018

Scotiabank has received the authorization from Chile’s National Economic Prosecutor’s Office (FNE) to acquire 68.19% of BBVA Chile’s shares. With this operation the Canadian entity will have secured all the required regulatory authorizations.

“The next step will be the launch of the Public Offer (OPA) of shares, so that all minority shareholders of BBVA Chile have the right to dispose of their shares at the same price as was paid to BBVA …” Scotiabank informed.

On March 9, bank regulators SBIF (Chile) and Osfi (Canada) authorized the merger between the two companies.

Full Content: Merco Press

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