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Article: BANCO SANTANDER CHILE COMPLETES ACQUISITION OF BANCO OSORNO; NEW ENTITY WILL OPERATE UNDER BANCO SANTANDER CHILE NAME
- Article from:
- PR Newswire
- Article date:
- July 1, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SANTIAGO, Chile, July 1 /PRNewswire/ -- Banco Santander Chile today announced that it has completed its acquisition of Banco Osorno (NYSE: BOU), creating a financial institution with total assets of $7.9 billion. As of today, Banco Osorno American Depository Receipts (ADRs) will trade on the New York Stock Exchange under the name Banco Santander Chile (NYSE: BSB).
On June 10, 1996, Banco Santander Chile and Banco Osorno shareholders voted to approve the acquisition. The Chilean Superintendency of Banks today announced its approval of the acquisition.
Commenting on the completion of the acquisition, Mauricio Larrain, Vice Chairman of Banco Santander Chile, ...