Chilean lenders ready to sell Transbank

Chilean lenders ready to sell Transbank

International Financial Institutions Equity M&A South America Chile United Kingdom Economy & Policy Corporate & Sovereign Strategy

A group of six banks plan to seek a buyer for their shares in Transbank, Chile’s biggest electronic payment processor, according to local media. Transbank's shareholders, which include local lenders Banco de Chile, BancoEstado, Banco Bci and subsidiaries of Itaú, Santander and Scotiabank, will put the company up for sale following recent changes to the payment system, Diario Financiero reported. The banks will sell their stakes once definitive exchange fees have been published as part of the pay

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