trending Market Intelligence /marketintelligence/en/news-insights/trending/XN9QssK69aRKTmzJ5laLGw2 content esgSubNav
In This List

World Bank's IFC acquires 8.3% stake in Consorcio Financiero

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Investment Banking Essentials Newsletter April Edition - 2022

Blog

Banking Essentials Newsletter April Edition - 2022


World Bank's IFC acquires 8.3% stake in Consorcio Financiero

Consorcio FinancieroS.A. said in a March 31 securities filing that the World Bank's financialarm International Finance Corp.will acquire an 8.3% stake in the company for $140 million.

International Finance is paying 1.5x the book value for its sharesin the Chilean company, the filing said.

The capital raise will be channeled to the company's businessand development plans for its banking and insurance units.