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Principal FinancialAsset sale

Santander acquires 100% of Principal Compañía de Seguros de Vida Chile

What happened

Principal Financial Group, through its subsidiaries Principal International de Chile S.A. and Principal International Holding Company, LLC., sold 100% of the shares of Principal Compañía de Seguros de Vida Chile S.A. to Banco Santander.

Source

Article excerpt

Highlighted: the sentence this signal was extracted from

On January 19, Principal Compañía de Seguros de Vida Chile S.A. (the "company") announced that on the eve its shareholders -Principal International de Chile S.A. and Principal International Holding Company, LLC. (collectively, the "sellers")- entered into a stock purchase agreement in English, called Stock Purchase Agreement, with Banco Santander S.A. (Santander), through which the sale and transfer of 100% of the shares issued by the company to two Santander-affiliated companies incorporated under the laws of Chile was agreed. The closing of the operation was subject to the fulfillment of a series of customary precedent conditions for this type of transaction, including obtaining the corresponding governmental authorizations. Having fulfilled such precedent conditions for the closing of the operation, yesterday Santander Retirement Services Chile S.A. and Teatinos Siglo XXI Inversiones S.A., both Santander subsidiaries incorporated under the laws of Chile, have acquired, respectively, 4,186,089 and 23 shares issued by the company, jointly equivalent to 100% of the subscribed and paid shares thereof, resulting in the consequent change of control of the company. New Board of Directors In an extraordinary board meeting of Principal Compañía de Seguros de Vida Chile, held on this same date, directors Juan Pablo Cofré Dougnac, Valentin Carril Muñoz, Marcela Blaquier, Brooke...

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Extracted by Autobound

From the Signal API record
Event
Asset sale

What this signalsSelling part of the business often leads to a new focus and new budgets.

Takes effect
Sep 1, 2026
Location
Chile

Companies

  • Banco SantanderAcquirersantander.com

The full record

From the Signal API record

Extraction

Confidence
90%
Detected
Sep 2, 2026
signal_type
news
signal_subtype
sells_assets_to

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The API returns more than this page shows

This page shows a preview. The full news record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/fa90e3b7-5962-4c68-9f53-0f1edb1c1b20 returns this record as JSON. POST /v1/companies/enrich returns every signal for principal.com.

{
  "signal_id": "fa90e3b7-5962-4c68-9f53-0f1edb1c1b20",
  "signal_type": "news",
  "signal_subtype": "sells_assets_to",
  "detected_at": "2026-09-02T12:47:29+00:00",
  "company": {
    "name": "Principal Financial",
    "domain": "principal.com"
  },
  "data": {
    "url": "https://www.diarioestrategia.cl/texto-diario/mostrar/6001114/santander-adquiere-100-principal-compania-seguros-vida-chile",
    "title": "Santander acquires 100% of Principal Compañía de Seguros de Vida Chile - diarioestrategia.cl",
    "excerpt": "On January 19, Principal Compañía de Seguros de Vida Chile S.A. (the \"company\") announced that on the eve its shareholders -Principal International de Chile S.A. and Principal International Holding Company, LLC. (collectively, the \"sellers\")- entered into a stock purchase agreement in English, called Stock Purchase Agreement, with Banco Santander S.A. (Santander), through which the sale and transfer of 100% of the shares issued by the company to two Santander-affiliated companies incorporated under the laws of Chile was agreed. The closing of the operation was subject to the fulfillment of a series of customary precedent conditions for this type of transaction, including obtaining the corresponding governmental authorizations. Having fulfilled such precedent conditions for the closing of the operation, yesterday Santander Retirement Services Chile S.A. and Teatinos Siglo XXI Inversiones S.A., both Santander subsidiaries incorporated under the laws of Chile, have acquired, respectively, 4,186,089 and 23 shares issued by the company, jointly equivalent to 100% of the subscribed and paid shares thereof, resulting in the consequent change of control of the company. New Board of Directors In an extraordinary board meeting of Principal Compañía de Seguros de Vida Chile, held on this same date, directors Juan Pablo Cofré Dougnac, Valentin Carril Muñoz, Marcela Blaquier, Brooke Fultz...",
    "summary": "Principal Financial Group, through its subsidiaries Principal International de Chile S.A. and Principal International Holding Company, LLC., sold 100% of the shares of Principal Compañía de Seguros de Vida Chile S.A. to Banco Santander.",
    "location": "Chile",
    "planning": false,
    "image_url": "https://www.diarioestrategia.cl/images/showid/8121678",
    "confidence": 0.9,
    "published_at": "2026-09-02T12:47:29Z",
    "location_data": [
      {
        "region": "South America",
        "country": "Chile",
        "continent": "Americas",
        "fuzzy_match": false
      }
    ],
    "effective_date": "2026-09-01",
    "article_sentence": "On January 19, Principal Compañía de Seguros de Vida Chile S.A. (the \"company\") announced that on the eve its shareholders -Principal International de Chile S.A. and Principal International Holding Company, LLC. (collectively, the \"sellers\")- entered into a stock purchase agreement in English, called Stock Purchase Agreement, with Banco Santander S.A. (Santander), through which the sale and transfer of 100% of the shares issued by the company to two Santander-affiliated companies incorporated under the laws of Chile was agreed.",
    "related_company_name": "Banco Santander",
    "related_company_domain": "santander.com"
  }
}

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