Former Reporter

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.

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

Dan Dunkley

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