Santander Chile Set for FO

Santander Chile Set for FO

Chile Equity

Santander Chile is scheduled to price today a secondary share equity follow-on that is expected to raise more than $900m. The Spanish parent is looking to sell the 7.8% of the Chilean unit held by the Teatinos Siglo XXI Inversiones vehicle, to strengthen its capital position. With Santander targeting the sale of 14.74bn shares, represented by 14.19m ADS, the transaction could reach $922m in size based on Monday's closing ADS price of $64.96. The shares have dropped 9.65% from the $71.90 close th

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