Habitat controller sells shares at 435 pesos on Chile exchange

clock •

CHILE - The controlling shareholder of AFP Habitat SA sold 140 million shares, or a 14% stake, in the pension fund manager at 435 pesos each, according to data posted by the Santiago exchange.

Inversiones La Construccion Ltda, a holding company owned by Chile's Construction Chamber, sold the shares for a total of $119m, according to Bloomberg calculations.    

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Chile

Chile

Chilean pension funds hit $153bn

CHILE - Chilean pension funds reached $153bn in assets in June, up 11% from the previous year, according to data released by the pension regulator.

Raquel Pichardo-Allison
clock 12 July 2011 •
Chile

Chilean funds fall on equity returns

CHILE - Chilean pension funds reported $145bn in assets at the end of February, though most took a hit for the month because of low equity returns.

Raquel Pichardo-Allison
clock 11 March 2011 •
Chile

Chile's Pension Reserve Fund gains investment leeway

CHILE - Chile's $4bn Pension Reserve Fund has received the okay to make maiden investments in global equities and global corporate bonds, as well as in four new currencies, the Ministry of Finance said.

Raquel Pichardo-Allison
clock 18 January 2011 •
Trustpilot