Scotiabank Chile’s General Manager, Francisco Sardon, commented on the possible effects on the bank as a result of their alliance with supermarket chain CENCOSUD, accused by Chile’s FNE of antitrust charges.
“We will evaluate the risk to our reputation in due time, but we want to let things run their course. this is a process that has just begun, and we are allied with CENCOSUD in the financial services business, while the FNE’s accusation involves their supermarket business”, said Sardon.
Scotiabank’s Chilean branch has announced expectations for strong organic growth over the next 5 years, anticipating investments of around $25 million dollars year. However, they will be willing to review any proposals.
Full content: La Tercera
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC Pushes Review of CoStar’s Commercial Real Estate Antitrust Case
Jan 31, 2024 by
CPI
UK’s CMA Investigates Ardonagh’s Atlanta Group and Markerstudy Merger
Jan 31, 2024 by
CPI
Greenberg Traurig Grow Financial Regulatory and Compliance Practice
Jan 31, 2024 by
CPI
Dutch Regulator Fines Uber €10 Million for Privacy Violations
Jan 31, 2024 by
CPI
DOJ Investigates AI Competition, Eyes Microsoft’s OpenAI Deal: Bloomberg
Jan 31, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – The Rule(s) of Reason
Jan 29, 2024 by
CPI
Evolving the Rule of Reason for Legacy Business Conduct
Jan 29, 2024 by
CPI
The Object Identity
Jan 29, 2024 by
CPI
In Praise of Rules-Based Antitrust
Jan 29, 2024 by
CPI
The Future of State AG Antitrust Enforcement and Federal-State Cooperation
Jan 29, 2024 by
CPI