The national media El Mercurio and El Diario Financiero reported on B&E’s advice to Grupo Security’s shareholders on the agreement with Bicecorp and its controlling shareholder for the integration of its businesses and subsidiaries, forming one of the most important financial groups in the country.

To materialise the transaction, Bicecorp will launch a takeover bid for 100% of the shares of Grupo Security and then proceed with the merger of the two holding companies and their respective subsidiaries.

This will not only include Security and Bice banks, but also businesses such as insurance, investments, auto finance and factoring. The combined company will have 2.4 million customers, 6,250 employees and more than 80 branches nationwide.

For more details we invite you to review the news in the following links: 1, 2, 3 & 4.