Altamar forges stronger LatAm links

Two of the largest financial institutions in Chile have acquired a stake in the Spanish private equity fund of funds firm

Two of the largest financial institutions in Chile have acquired a combined 20% stake in Spanish private equity fund of funds firm Altamar Group.

Altamar, which raised 15% of its total €200m capital this year from Latin American investors, said in a statement released this morning that LarrainVial, one of Chile's largest investment banks, and Chilean insurance company Consorcio Nacional de Seguros have taken the minority stake.

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