Thursday, 19 July 2007

UPDATE 1-Chile's Quinenco agrees to alliance with Citigroup

(Reuters) - Manufacturing conglomerate Quinenco , which
controls Banco de Chile, said in a statement to the Chilean
stock exchange that Citigroup would have a 32.96 percent stake
in Banco de Chile's parent company, which could rise to 50
percent.




Quinenco said it would retain control of the parent
company, LQ Financial Investments.


Read more at Reuters.com Mergers News

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