Banco de Chile Sells Artikos Chile S.A. Shares
Ticker: BCH · Form: 6-K · Filed: Dec 18, 2024 · CIK: 1161125
| Field | Detail |
|---|---|
| Company | Bank Of Chile (BCH) |
| Form Type | 6-K |
| Filed Date | Dec 18, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: divestment, sale, banking
TL;DR
Banco de Chile is selling its 50% stake in Artikos Chile S.A.
AI Summary
On December 18, 2024, Banco de Chile announced the execution of a Sale and Purchase Agreement for 100% of the shares of Artikos Chile S.A. ("Artikos"), a banking service provider. Banco de Chile currently owns 50% of Artikos.
Why It Matters
This transaction signifies a divestment by Banco de Chile from its stake in a banking service provider, potentially impacting its service offerings or strategic focus.
Risk Assessment
Risk Level: low — The filing is an informational report about a completed transaction and does not present new financial risks.
Key Numbers
- 100% — Artikos Chile S.A. Shares (Percentage of shares being sold in the transaction.)
- 50% — Banco de Chile's Ownership (Current ownership stake in Artikos Chile S.A. before the sale.)
Key Players & Entities
- Banco de Chile (company) — Filer and seller
- Artikos Chile S.A. (company) — Company whose shares are being sold
- Solange Berstein Jáuregui (person) — President of the Financial Market Commission
FAQ
What is the nature of Artikos Chile S.A.'s business?
Artikos Chile S.A. is described as a banking service provider (sociedad de apoyo al giro).
What is the date of the Sale and Purchase Agreement execution?
The Sale and Purchase Agreement was executed on December 18, 2024.
Who is the recipient of this material information report?
The report is addressed to Mrs. Solange Berstein Jáuregui, President of the Financial Market Commission.
What is Banco de Chile's current ownership percentage in Artikos Chile S.A.?
Banco de Chile currently owns 50% of the shares of Artikos Chile S.A.
Is Banco de Chile filing an annual report under Form 20-F or 40-F?
Banco de Chile indicates it files annual reports under Form 20-F.
Filing Stats: 375 words · 2 min read · ~1 pages · Grade level 14.2 · Accepted 2024-12-18 16:27:26
Filing Documents
- ea0225268-6k_bankofchile.htm (6-K) — 11KB
- 0001213900-24-110165.txt ( ) — 12KB
From the Filing
OF FOREIGN PRIVATE ISSUER FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of December, 2024 Commission File Number 001-15266 BANK OF CHILE (Translation of registrant’s name into English) Ahumada 251 Santiago, Chile (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F Form 40-F BANCO DE CHILE REPORT ON FORM 6-K Attached is an English translation of a letter filed by Banco de Chile with the Chilean Financial Market Commission and local stock exchanges, informing the execution of the Sale and Purchase Agreement of the 100% of the shares of Artikos Chile S.A. (“Artikos”), a banking service provider ( sociedad de apoyo al giro ), of which Banco de Chile is the owner of 50% of its shares. 1 Santiago, December 18, 2024 Mrs. Solange Berstein Jáuregui President Financial Market Commission Present Ref: MATERIAL INFORMATION / Banco de Chile Mrs. President: Pursuant to Articles 9 and 10 of Law No. 18,045, Chapter 18-10 of the Restated Regulations of Banks and General Rule No. 30 of the Financial Market Commission (CMF), I hereby inform you the following as Material Information in relation to this institution: That, having met the conditions agreed by the parties, as disclosed in the Material Information of last September 26, today it has been executed the Sale and Purchase Agreement of the 100% of the shares of Artikos Chile S.A. (“Artikos”), a banking service provider ( sociedad de apoyo al giro ) of which Banco de Chile is the owner of 50% of its shares, while the remaining 50% it is owned by Banco de Crédito e Inversiones (together with the Bank as the “Shareholders”), which have been acquired by Cámara de Comercio de Santiago A.G. Sincerely, Eduardo Ebensperger Orrego CEO Banco de Chile 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: December 18, 2024 Banco de Chile /s/ Eduardo Ebensperger Orrego By: Eduardo Ebensperger Orrego CEO 3