trending Market Intelligence /marketintelligence/en/news-insights/trending/2z6x60a0PMrgMH0FRVa6bg2 content esgSubNav
In This List

Chile's Inversiones La Construcción elects new board, cuts 2 directors

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Podcast

Street Talk | Episode 97: Recessionary fears still keeping bank investors on the sidelines

Blog

Making sanctions effective: Key themes for banks


Chile's Inversiones La Construcción elects new board, cuts 2 directors

Shareholdersof Chilean investment firm InversionesLa Construcción SA, or ILC, elected the company's new board but decidedto reduce the number of directors from nine to seven, the company said in an April29 securities filing.

As aresult, the firm's board for 2016 is comprised of Chairman Jorge Mas Figueroa, Vice-ChairmanDaniel Hurtado Parot, Gastón Escala Aguirre, Lorenzo Constans Gorri, Alberto EtchegarayAubry, Sergio Torretti Costa and René Cortázar Sanz, who was named as an independentdirector.

Accordingto the company's website, which still listed nine board members as of May 6, thetwo directors not re-elected are Patricio Bustamante Pérez and Francisco Vial Bezanilla.

The ILC,which is the investment arm of Chilean construction chamber, CChC, took controlof Banco Internacional SAin October 2015 after completing a public share offering and a capital increase.