The majority shareholder of Chilean bank Banco de Chile on Wednesday sold about 6.7 billion shares, raking in roughly $820.5 million. The shares were sold at 67 pesos each, below Tuesday's closing market price.Top owner LQ Inversiones Financieras, made up of the wealthy Chilean Luksic family's Quinenco SA holding group and Citigroup Inc, now has a roughly 51 percent stake in the bank, down from 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 2.03% or $-1.55/share to $74.95. In the past year, the shares have traded as low as $74.50 and as high as $100.27. On average, 25732 shares of BCH exchange hands on a given day and today's volume is recorded at 159998.
Citigroup Inc. (Citigroup) is a global diversified financial services holding company whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. Shares of C traded higher by 1.62% or $0.79/share to $49.60. In the past year, the shares have traded as low as $40.28 and as high as $55.28. On average, 23240400 shares of C exchange hands on a given day and today's volume is recorded at 24821804.
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