FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
Commission File Number: 001-14554
| Banco Santander Chile |
| Santander Chile Bank |
| (Translation of Registrant’s Name into English) |
| Bandera 140 |
| Santiago, Chile |
| (Address of principal executive office) |
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes ☐ No ☒
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes ☐ No ☒
Indicate by check mark whether by furnishing the information contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
Yes ☐ No ☒
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A
Banco Santander Chile
The following exhibit is attached:
| EXHIBIT NO. | DESCRIPTION | |
| 99.1 | Credicorp Capital sells the majority of the Banco Santander Chile’s participation in Nexus |
| 1 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| BANCO SANTANDER-CHILE | ||
| By: | /s/ Cristian Florence | |
| Name: | Cristian Florence | |
| Title: | General Counsel | |
Date: October 15, 2019
2
Exhibit 99.1
Credicorp Capital sells the majority of the
Banco Santander Chile’s participation in Nexus
We have the pleasure of communicating that the process of sale of a large portion of Banco Santander Chile’s portion in Nexus- an auxiliary financial subsidiary in charge of processing credit card transactions in the country- was finalized.
This transaction is part of the sales mandate that was under the responsibility of Credicorp Capital for the sale of Banco Santander Chile’s participation in three auxiliary financial subsidiaries: Transbank, Redbanc and Nexus.
The transaction consists of the sale of 11% of the property that Santander had in Nexus to Banco de Chile, Scotiabank, Banco Estado and BCI, and soon the remaining 1.9% to Itaú, pending approval from the Central Bank of Brazil.
As for the sale of the Santander Chile’s stake in Transbank (25%) and Redbanc (33%), the process is still open. Credicorp is currently in conversations with a series of potential investors interested in acquiring both companies.