Citi Selling Chile AFP Stake

Citi Selling Chile AFP Stake


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% of Habitat. According to Citi, Habitat is the second largest pension fund administrator in Chile, with $29bn assets under management and 24% market share in terms of covered persons. Citi's indirect interest in Habitat will be sold via public tender offer to be conducted by an affiliate of Inv

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