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

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

M&A

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. Banco de Chile’s American Depositary Shares — equal to 600 common shares — closed at $76.50 on Mond

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