Larrain Vial Fund Buys Chilean Insurer Colmena, El Mercurio Says

A private investment fund led by Chilean broker and asset manager Larrain Vial SA agreed to pay about $500 million for all of local health insurer and medical services company Colmena Golden Cross SA, El Mercurio said.

Among other investors in the fund are Grupo Bethia SA, the Santiago-based newspaper said, citing people close to the negotiations who it didn’t identify.

A phone call to Colmena’s public relations office went unanswered. An e-mail and phone call to Larrain Vial’s communications office seeking comment on the acquisition also went unanswered.

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