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Date 22/10/1999
Companies AIG - BANCO SANTANDER CENTRAL HISPANO -
Subject BSCH buy Union of Peru
 
  BSCH is to purchase the Peruvian 3rd largest pension company, Union. 40% of the equity was purchased from AIG, the remainder is locally held. BSCH already owns Nueva Vida in Peru and combined they will form the number two company with funds around E2.3bn. Overall in South America BSCH has funds in excess of E8bn in funds.
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