Chile’s Parque Arauco to expand after $163.53 mn deal with Credicorp Capital

Chile's Parque Arauco completed a transaction with the Real Estate Collective Investment Fund, Inmoval, which belongs to Credicorp Capital Colombia. The group sold a 49% stake in the Parque Caracolí (Santander) and Parque La Colina (Bogotá) shopping centres to Inmoval for a total of Col$588 billion ($163.53 million). Parque Arauco estimated that the profits from the sale will be Col$185 billion ($51.45 million), money that will be used for new investments and long-term expansion.

Ministry of Transport launches second phase of credit line for $198.85 mn

Transport Minister Angela María Orozco announced the launch of a second phase of the 'Transporte Responde' credit line, which will have a quota of Col$715 billion ($198.85 million). Orozco said that this line will have sub-quotas: MSMEs, Col$379 billion ($105.40 million); $136 billion ($37.82 million) for microenterprises and $200 billion ($55.62 million) for large companies.

In 2020, the SIC levied fines of $2.1 mn

The Superintendency of Industry and Commerce (SIC) revealed that in 2020 the entity received 16,237 complaints, of which 89.9% were for alleged violations of Statutory Law 1266 of 2008 or the Financial Habeas Data Law. The SIC also reported that during 2020 it imposed fines of Col$7.58 billion ($2.1 million), and issued 2,070 orders for companies to comply with personal data protection legislation.