Credicorp Capital sells the majority of the Banco Santander Chile’s participation in Nexus
October 14 2019 - 4:00PM
We have the pleasure of communicating that the process of sale of a
large portion of Banco Santander Chile’s portion in Nexus- an
auxiliary financial subsidiary in charge of processing credit card
transactions in the country- was finalized.
This transaction is part of the sales mandate
that was under the responsibility of Credicorp Capital for the sale
of Banco Santander Chile’s participation in three auxiliary
financial subsidiaries: Transbank, Redbanc and Nexus.
The transaction consists of the sale of 11% of
the property that Santander had in Nexus to Banco de Chile,
Scotiabank, Banco Estado and BCI, and soon the remaining 1.9% to
Itaú, pending approval from the Central Bank of Brazil.
As for the sale of the Santander Chile’s stake
in Transbank (25%) and Redbanc (33%), the process is still open.
Credicorp is currently in conversations with a series of potential
investors interested in acquiring both companies.
CONTACT INFORMATIONRobert MorenoInvestor RelationsBanco
Santander ChileBandera 140, Floor 20Santiago, ChileTel: (562)
2320-8284Email: irelations@santander.cl
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