Credicorp Ltd. offers to purchase investments impacted by regulatory actions in Chile

From GlobeNewswire: 2024-12-30 17:05:44

Credicorp Ltd. offers to purchase 100% of investments in funds impacted by regulatory actions and misconduct at Sartor in Chile. The company will execute participation transfer agreements to cover up to US$125.3 million in investment value to recover funds and hold those responsible accountable. Credicorp Capital commits to acquiring the value of investment units from clients within 45 days to prevent uncertainty during the liquidation process of Sartor-managed funds mandated by the Chilean Financial Market Commission. Credicorp Ltd. is a leading financial services holding company in Peru with presence in Chile, Colombia, Bolivia, and Panama.



Read more at GlobeNewswire: Credicorp Ltd. Announces that One of Its Subsidiaries