March 25, 2019 |
Chile's Bicecorp has stopped searching for possible acquisitions in Colombia or Peru after a plan to purchase a firm there went awry, LatinFinance has heard.
"We are always open to growth opportunities, but we're no longer actively looking," said a company source. "There was a transaction we were about to close, but we ultimately decided not to do so. For now, we are focused on Chile."
Bice's asset management division had previously planned to make acquisitions as early as mid-2018 as part of a
Chilean financial services firm returns focus to its home market after a cross-border deal goes awry