BICECORP completed the merger with Grupo Security in a $1.25bn deal.

BICECORP, a Chile-based financial holding company, completed the merger with Grupo Security, a Chile-based company primarily engaged in the banking sector, in a $1.25bn deal. "The closing of this PTO marks a significant step in the process we have been developing since January 2024, following the agreement signed to form a robust and competitive financial group, allowing us to offer all Security and BICE clients more and better products and services, also contributing to the development of the Chilean financial sector and the country," Bernardo Matte, BICECORP President.