Business Services Industry
Chile: AFP Magister to acquire Planvital.
South American Business Information, April, 2001
Chile, Mar 27, 2001
Market sources said that pension funds firm AFP Magister plans to acquire AFP Planvital. They added that the former would make investments of between US$20mil and US$24mil in the latter, but remarked that the companies have not defined a price for the sale yet. AFP Magister held a 3.13% market share last February, while AFP Planvital held 2.62%. Together, the 2 companies would be ranked as the last player. AFP Magister has recently acquired AFP Aporta Fomenta for US$6mil.
Copyright (c) 2001, South American Business Information, All rights reserved.
INDUSTRY KEYWORD: Pension Funds & Benefit Plans
EVENT: Acquisitions & Mergers
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