The controller of Chilean bank Banco de Chile said it has launched a process to sell up to 6.9 billion shares, which at current market value are equivalent to roughly $963 million. LQ Inversiones Financieras said in a statement to the regulator that the potential operation would see its stake in the bank dwindle to 51 percent from its current 58.4 percent.
Banco de Chile is a Chile-based financial institution engaged in the provision of banking services to its customers, ranging from individuals to large corporations. Shares of BCH fell by 0.89% or $-0.75/share to $83.65. In the past year, the shares have traded as low as $78.80 and as high as $100.27. On average, 16927 shares of BCH exchange hands on a given day and today's volume is recorded at 19513.
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