SANTIAGO, Feb 27 (Reuters) - The board of Chile's Bci bank , the third largest private financial institution in the country, said on Tuesday it will propose a $575 million equity issuance in its next shareholders meeting.
In a letter to Chile's market regulator, Bci did not detail what the additional funds would be used for. The proposal comes after a string of acquisitions last December, including the purchases of Totalbank for $528 million and the financial business of Walmart in Chile for $148 million.
(Reporting by Antonio de la Jara; Writing by Cassandra Garrison)
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