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Chilena Consolidada in talks to buy EuroAmerica Seguros de Vida's portfolio

Chilena Consolidada Seguros de Vida SA on March 15 said it was in talks with EuroAmerica Seguros de Vida SA regarding a potential deal to purchase EuroAmerica's insurance portfolio and financial assets under management.

In a regulatory filing to Chile's financial markets commission, the Santiago-based company said EuroAmerica's annuities business would not be a part of the transaction. Futhermore, Chilena Consolidada said no agreements regarding the deal had been signed yet, except for a confidentiality agreement.