Acquisitions and mergers

by yudaica2013 ·

Acquisitions and mergers In December 2000, the Luksic Group takes control of the bank, to acquire 51 ownership, which paid U.S. 541 million. In 2002 it acquired Banco de A. Edwards became the second largest bank in the country. The company decided to maintain the image and legal status of the acquired bank, but under the name Banco Edwards. The merger had been approved overwhelmingly by shareholders of the bank bought a few months earlier, in December 2001. In late 2006, Qui enco, controller of Banco de Chile, acknowledged talks with Citigroup North American group that would lead to a possible strategic partnership in banking and financial.

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