Banco de Chile dissolves subsidiary Socofin S.A.
Ticker: BCH · Form: 6-K · Filed: 2025-07-07T00:00:00.000Z
Sentiment: neutral
Topics: corporate-restructuring, subsidiary-dissolution, material-information
TL;DR
Banco de Chile just dissolved Socofin S.A. after taking full ownership. Streamlining operations.
AI Summary
Banco de Chile announced on July 4, 2025, that its subsidiary, Socofin S.A., has been dissolved. This dissolution occurred because Banco de Chile consolidated 100% ownership of Socofin S.A.'s shares, making Banco de Chile the legal successor.
Why It Matters
This action signifies a consolidation of operations within Banco de Chile, potentially streamlining its corporate structure and financial reporting.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a corporate restructuring and does not indicate any immediate financial distress or significant new risks.
Key Players & Entities
- Banco de Chile (company) — Registrant and legal successor
- Socofin S.A. (company) — Dissolved subsidiary
- July 4, 2025 (date) — Effective date of dissolution and succession
FAQ
What is the primary reason for the dissolution of Socofin S.A.?
Socofin S.A. was dissolved because Banco de Chile consolidated 100% ownership of its shares.
When did Banco de Chile become the legal successor to Socofin S.A.?
Banco de Chile became the legal successor as of July 4, 2025.
What type of filing is this report?
This is a Report of Foreign Private Issuer on Form 6-K.
Which regulatory body was informed of this material information?
The Chilean Financial Market Commission was informed, along with local stock exchanges.
Does Banco de Chile file annual reports under Form 20-F or 40-F?
Banco de Chile indicates it files annual reports under cover of Form 20-F.
From the Filing
0001213900-25-061633.txt : 20250707 0001213900-25-061633.hdr.sgml : 20250707 20250707080023 ACCESSION NUMBER: 0001213900-25-061633 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20250707 FILED AS OF DATE: 20250707 DATE AS OF CHANGE: 20250707 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BANK OF CHILE CENTRAL INDEX KEY: 0001161125 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL BANKS, NEC [6029] ORGANIZATION NAME: 02 Finance EIN: 000000000 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15266 FILM NUMBER: 251107006 BUSINESS ADDRESS: STREET 1: PASEO AHUMADA 251 CITY: SANTIAGO STATE: F3 ZIP: 00000 BUSINESS PHONE: 562-637-2044 MAIL ADDRESS: STREET 1: PASEO AHUMADA 251 CITY: SANTIAGO STATE: F3 ZIP: 00000 6-K 1 ea0248224-6k_bankofchile.htm REPORT 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 July, 2025 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 as Material Information that Socofin S.A., a Banco de Chile subsidiary, has been dissolved, due to Banco de Chile having consolidated 100% ownership of its shares. As a result, as of July 4, 2025 Banco de Chile became its legal successor and continuator. Santiago, July 04, 2025 Mrs. Solange Berstein Jáuregui President Financial Market Commission Present Ref.: Material Information / Banco de Chile Of our consideration: Pursuant to Articles 9 and 10 of Law No. 18,045 on Securities Market, Chapter No. 18-10 of the Restated Regulations for Banks issued by the Financial Market Commission (“CMF”) and General Rule (“NCG”) No. 30 of the CMF, duly authorized for this purpose, I inform you, as Material Information regarding this institution, that: By public deed dated June 23, 2025, granted before the Notary Public of Santiago, Ms. María Pilar Gutiérrez Rivera, Banco de Chile has acquired the whole of the shares held by Banchile Asesoría Financiera S.A. in Socofin S.A., a subsidiary of Banco de Chile. Pursuant to Article 103, No. 2 of Law No. 18,046, on Corporations, having elapsed an uninterrupted period of more than 10 days, Socofin S.A. has been dissolved, due to Banco de Chile having consolidated 100% of its shares which, as of this date, July 4, 2025, becomes its legal successor and continuator. Sincerely, Alfredo Villegas Montes General Counsel 1 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: July 07, 2025 Banco de Chile /s/ Alfredo Villegas Montes By: Alfredo Villegas Montes General Counsel 2