Carey
Isidora Goyenechea 2800, las Condes Piso 42 755-0647 Santiago, Chile
Tel:(+56 2)29282200, Fax:(+56 2)29282200, E-mail: carey@carey.cl
Latin Lawyer

IFC makes a USD140 million equity investment in Consorcio Financiero

6 June, 2016 by Lulu Rumsey

Becker, Glynn, Muffly, Chassin & Hosinski LLP in New York and Chilean firm Carey have advised the International Finance Corporation on its US$140 million equity investment in Chilean financial institution Consorcio Financiero.

Consorcio Financiero hired Claro & Cía for the deal, which was signed on 26 May.

The deal gives the IFC, which is the investment arm of the World Bank, an 8.3 per cent stake in Consorcio Financiero. The capital injection will be split between Consorcio Financiero’s banking and insurance arms.

Both Carey and Becker Glynn have been behind other lending initiatives in Chile by the IFC. In December they helped the investor grant a US$200 million loan to Banco Itaú’s Chilean branch.

 
Counsel to Latin Lawyer

Counsel to the International Finance Corporation
In-house counsel – Marina Feldman

Becker, Glynn, Muffly, Chassin & Hosinski LLP
Partner Patrick O’Brien and associate Matias Sueldo in New York

Carey
Partners Cristian Eyzaguirre and Francisco Guzmán and associates Nicolás Calderón and Sergio Mesías in Santiago.

Counsel to Consorcio Financiero
Claro & Cía
Partner Felipe Larraín and associate Andrés del Sante in Santiago.