Fox Business - The Power to Prosper
Search Site

Santiago Stock Exchange

Chile's BCI Bank Acquires Bankia's City National For $882.8 Million

Banco de Credito e Inversiones SA (BCI.SN), Chile's third largest private bank in terms of loans, said in a filing with the local banking overseer it agreed to purchase Spanish Bankia SA's (BKIA.MC) City National Bank of Florida for $882.8 million.The purchase, which it said will close in the first quarter of next year, represents 12.6% of the bank's market capitalization and will be financed through the issue of new shares or bonds, BCI said in the filing.City National Bank has more than 20 branches in the U.S., while BCI has a branch in Miami that manages assets totaling $3 billion."BCI has been successfully operating in Miami for 14 years through a branch and this is market we know and where we see big opportunities," the bank said in a statement, calling the acquisition a natural step in increasing its business abroad.As of April, BCI had 13.235 trillion pesos ($27.13 billion) in loans and CLP17.573 trillion in total assets.BCI's shares on the Santiago Stock Exchange fell 2.9% on t...

Read More

  1. Chile Mall Owner Parque Arauco Focuses On Colombia To Grow

    Chile's largest shopping mall owner, Parque Arauco SA (PARAUCO.SN), is focusing its growth strategy on Colombia, where the company plans to invest up to $1 billion o...

  2. Chile Stocks End Lower On JP Morgan Trading Losses, Spain Banks

    Chile's IPSA select stock index closed lower Friday tracking lower U.S. stocks on J.P. Morgan (JPM) $2 billion trading losses and Spain's banking problems.The IPSA e...

  3. Chile Endesa 1Q Net Profit Falls 32% On Year To CLP66.23 Billion

    Chile's largest power producer, Empresa Nacional de Electricidad SA (EOC, ENDESA.SN), posted a first-quarter net profit of 66.23 billion Chilean pesos ($136.14 milli...

  4. Chile's Copec Raises 2012 Investment Plan To $1.4 Billion

    SANTIAGO, Chile -(Dow Jones)- Fuel and forestry conglomerate Empresas Copec SA (COPEC.SN) announced a $1.4 billion 2012 investment plan, up from the initial plan of ...

  5. Chile Regulator Halts Trading In SQM Controlling Companies

    Chile's securities regulator on Friday halted trading in several companies that control fertilizer and chemical producer Sociedad Quimica y Minera de Chile SA (SQM, ...

  6. Chile Cencosud 2011 Net Profit Falls 3.5% To CLP285.92 Billion

    Chilean retail-holding company Cencosud SA's (CENCOSUD.SN) net profit in 2011 fell 3.5% on the year to 285.92 billion Chilean pesos ($585.12 million) on one-time acc...

  7. Chile Falabella 2011 Net Profit Rises 2.4% To CLP423.05 Billion

    Chilean department store retailer SACI Falabella's (FALABELLA.SN) net profit in 2011 rose 2.4% from the previous year to 423.05 billion pesos ($861 million), the com...

  8. Chile Retailer Cencosud Mulls Listing In US Stock Market

    Chilean retail holding company Cencosud SA (CENCOSUD.SN) said Thursday it is considering issuing American Depositary Receipts to list in the U.S."The company has und...

  9. Chile Codelco Sells E-CL Power Co. Stake For $1.04 Billion

    SANTIAGO -(Dow Jones)- Chilean state copper company Corporacion Nacional del Cobre sold its 40% stake in local power generator E-CL SA (ECL.SN) for $1.04 billion, th...

  10. Chile Agrosuper Food Processor, Four Other Cos Mull 2011 IPOs-Report

    SANTIAGO -(Dow Jones)- Five Chilean companies are mulling initial public offerings this year on the Santiago Stock Exchange, including food processor, Agrosuper, dai...

  1. Chile's Enersis Reaches 99.04% Subscription in Capital Increase

    Chilean energy holding company Enersis SA (ENI, ENERSIS.SN) reached 99.04% shareholder subscription for its $6 billion capital increase, the company said Wednesday.A...

  2. Principal Financial launches bid for Chile pension fund

    U.S. insurer and asset manager Principal Financial Group launched a bid on Thursday to buy Chilean pension company AFP Cuprum for $1.39 billion as part of an expansi...

  3. Chile Enersis Falls 6% on Worries Over $8 Billion Capital Increase

    Enersis SA's (ENI, ENERSIS.SN) shares continued to fall on the Santiago Stock Exchange Friday as investors remain concerned about the Chilean energy holding company'...

  4. Chile Enersis Shares Drop 14% After Capital Increase Announcement

    SANTIAGO, Chile--Chilean energy holding company Enersis SA's (ENI, ENERSIS.SN) shares dropped 14% on the Santiago Stock Exchange early Thursday after the company lat...

  5. Chile Enersis Shares Drop 13% After Capital Increase Announcement

    Chile's energy holding company Enersis SA's (ENI, ENERSIS.SN) shares dropped 14% on the Santiago Stock Exchange in early trading Thursday after the company late Wedn...

  6. Chile Enersis 2nd Quarter Net Falls 42% on Year to CLP61.96 Billion

    Enersis SA's (ENI, ENERSIS.SN) second-quarter net profit fell 42% from a year earlier to 61.96 billion Chilean pesos ($126.1 million), the Chilean energy holding com...

  7. Cencosud: No Slowdown Seen In Brazil Northeast And Minas - CEO

    Despite the Brazilian economy's slowdown, Chilean retail holding company Cencosud (CENCOSUD.SN) isn't seeing business drop off in the Brazilian state of Minas Gerais...

Freebase CC-BY
Source: Santiago Stock Exchange on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL