The 42% controlling stake
Through the purchase, Scotiabank Chile would jump to the sixth spot in thelocal banking market from its current 11th place in terms of market share,according to La Tercera.
An attorney linked to the negotiations told the daily Banco Credito eInversiones, another local bank, is also eyeing Banco del Desarrollo.
Newspaper Web site:
-By Carolina Pica, Dow Jones Newswires; 56-2-460-8544; carolina.pica@dowjones.com
(END) Dow Jones Newswires
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