Administradora de Fondos de Pensiones Capital S.A. (SNSE:AFPCAPITAL) agreed to spin-off Peu and Colombia business of Administradora de Fondos de Pensiones Capital S.A. on August 24, 2021. Spin-off business will operate as a new publicly held corporation that will be formed for that purpose as Administradora Americana de Inversiones S.A. Spin-off is subject to approval of shareholders of Administradora de Fondos de Pensiones Capital S.A.

Administradora de Fondos de Pensiones Capital S.A. (SNSE:AFPCAPITAL) completed the acquisition of Administradora Americana de Inversiones S.A. on December 1, 2021. AFPCAPITAL indicated that the three remaining conditions to launch the new structure were met, which had to do with approvals from the Chilean Superintendence of Pensions and the Colombian Financial Superintendence. This happened between November 26 and 30. Previously, on September 30, an extraordinary meeting of shareholders of AFPCAPITAL approved the spin-off.