Banco de Chile Approves Sale of Artikos Shares

Banco De Chile (BCH) has released an update.

Banco de Chile has announced the board of directors’ decision to accept a binding offer from ‘Cámara de Comercio de Santiago A.G.’ to purchase 100% of the shares in Artikos Chile S.A., a banking service provider. The sale is contingent upon the fulfillment of various conditions, including approvals from the Chilean Financial Market Commission and possibly the Chilean Antitrust Commission. The completion of the sale will occur once all conditions have been met and the necessary authorizations are secured.

For further insights into BCH stock, check out TipRanks’ Stock Analysis page.