Hurtado Vicuna Group, Banvida S.A. and Sociedad de Inversiones y Asesorías PCGO Ltda entered into an agreement to acquire 4.12% stake in Consorcio Financiero S.A. from International Finance Corporation and Calverton Spain SL for CLP 73.5 billion.

Hurtado Vicuna Group, Banvida S.A. (SNSE:BANVIDA) and Sociedad de Inversiones y Asesorías PCGO Ltda entered into an agreement to acquire 4.12% stake in Consorcio Financiero S.A. from International Finance Corporation and Calverton Spain SL for CLP 73.5 billion on April 28, 2022. After the transaction, Banvida will own 43.95% stake, Hurtado Vicuna Group will own 43.95% stake, International Finance Corporation will own 2.94% stake, Calverton Spain SL will own 1.18% stake and Sociedad de Inversiones y Asesorías PCGO will own 0.26% stake in Consorcio Financiero S.A. The transaction is expected to complete on June 29, 2022.