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Banco Santander Chile Divests Stake in Insurance Subsidiary
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Banco Santander Chile Divests Stake in Insurance Subsidiary

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Banco Santander Chile ( (BSAC) ) has shared an announcement.

Banco Santander Chile has announced the sale of its entire stake in its subsidiary, Klare Corredora de Seguros S.A., amounting to 501 shares or 50.1% of the company. This strategic move, authorized by the Financial Markets Commission, reflects the bank’s compliance with regulatory requirements and its ongoing efforts to optimize its operations and market positioning.

More about Banco Santander Chile

Banco Santander Chile operates in the financial services industry, offering a wide range of banking and financial products and services. The company is a subsidiary of the global Santander Group and focuses on providing services in the Chilean market.

YTD Price Performance: 2.25%

Average Trading Volume: 287,636

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $9.27B

Find detailed analytics on BSAC stock on TipRanks’ Stock Analysis page.

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