The Santander Chile subsidiary Santander Consumer signs agreement to acquire Mundo Crédito's auto loan portfolio
Banco Santander - Chile ADS (BSAC)
Last banco santander - chile ads earnings: 4/29 08:50 am
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Source: GlobeNewswire
SANTIAGO, Chile, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Banco Santander Chile's (NYSE: BSAC) announced that its subsidiary Santander Consumer Finance will acquire Mundo Crédito in an operation for up to US$ 79 million. The operation is subject to the approval of the National Economic Prosecutor's Office, the due diligence process and other usual conditions precedent. With the aim of expanding its offer and participation in this segment, Santander Consumer subscribed to the purchase - subject to conditions - of the automotive loan portfolio of Servicios Financieros Mundo Crédito SpA, a company that provides financing for the acquisition of new or used motor vehicles with pledge guarantee. The operation would reach between $50,000 million and $70,000 million, being subject to the approval of the National Economic Prosecutor's Office, the due diligence process and other usual conditions precedent. According to what was reported in an Material Fact to the Financial Market Commission, once
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BSAC
News
- Banco Santander-Chile (NYSE: BSAC) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Banco Santander-Chile Announces First Quarter 2024 EarningsGlobeNewswire
- Banco Santander-Chile (NYSE: BSAC) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Banco Santander-Chile (NYSE: BSAC) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Banco Santander-Chile (NYSE: BSAC) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
BSAC
Earnings
- 10/31/23 - Beat
BSAC
Sec Filings
- 5/2/24 - Form 6-K
- 4/30/24 - Form 6-K
- 4/18/24 - Form 6-K
- BSAC's page on the SEC website