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Citi Selling Chile AFP Stake

Jan 24, 2010

Citi has reached agreement with Invesco and Inpresa to sell its 40.23% indirect ownership in AFP Habitat for approximately $300m. Citi and Invesco have an equal part ownership in Inpresa, which owns 80.46%...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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