LQIF moves ahead with Banco de Chile sale despite stock market tumble

Jan 28, 2014

Leads closed books Monday on LQ Inversiones Financieras’ sale of 6.7bn shares in Banco de Chile, pushing ahead with the deal despite a sharp dive in equity markets. Global coordinator Citi and bookrunners Bank of America Merrill Lynch, BTG Pactual, and Deutsche Bank are set to price the transaction today. A fall in markets means the deal is likely to raise less for LQIF than initially anticipated....

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