Chile:
BCI Sells Its 40% Of Its Insurance Companies To Mutua Madrileña
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Uría Menéndez in Madrid and its sister firm
Philippi Prietocarrizosa & Uría (Chile) has helped
Spanish insurer Mutua Madrileña Automovilista buy a stake in
the insurance businesses of Chilean bank Banco de Credito e
Inversiones (BCI).
BCI's holding company, Empresas Juan Yarur, hired Chilean
firm Carey for the deal. Mutua Madrileña
paid US$228 million for a 40 per cent stake in BCI Seguros, which
includes subsidiaries BCI Seguros Generales, BCI Seguros Vida,
Zenit Seguros Generales and Auxilia Club Asistencia.
The transaction was signed on 30 November. It marks the first
time the Madrid-based insurer has made an international
acquisition. BCI will continue to own the remaining 60 per cent of
its insurance subsidiaries.
Counsel to Mutua Madrileña
Automovilista
Uría Menéndez
Partners Eduardo Rodríguez-Rovira in Madrid and Rafael
Jiménez Mateo in Santiago
Philippi Prietocarrizosa & Uría (Chile)
Partner Alberto Pulido and associate María Fernanda Peters
in Santiago
Counsel to Empresas Juan Yarur
Carey
Partner Diego Peralta and associates Elvira Vial, Gabriel
Acuña, Paluska Solar and Vesna Camelio in Santiago
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