Philippi, Prietocarrizosa & Uría and Carey advise on $228m Chile insurance sector deal

Chilean holding company Empresas Juan Yarur instructed Carey on the sale of a 40 per cent stake in BCI Seguros to Mutua Madrileña, the Spanish insurance company.


Mutua Madrileña instructed Philippi, Prietocarrizosa & Uría in Chile on the transaction.

The deal, valued at $228 million and subject to regulatory approval, will mark the Spanish insurer’s entry into Latin America.

Partner Diego Peralta led the Carey team which acted as Chilean counsel for Empresas Juan Yarur.

The Philippi, Prietocarrizosa & Uría team was led by Alberto Pulido, Rafael Jiménez Mateo and Eduardo Rodríguez-Rovira leading the teams. 

Ben Cook