30 October 2008

Chile's Construction Chamber, Citigroup Halt AFP Habitat Talks

By Nathan Gill
     Oct. 30 (Bloomberg) -- Chile's Chamber of Construction and
Citigroup Inc. halted negotiations over control of AFP Habitat,
a Chilean pension fund, Diario Financiero reported, citing
unidentified sources involved in the talks.
     Negotiations over the chamber's offer to buy Citigroup's 40
percent stake in the fund for about $300 million were stopped
because of liquidity concerns at the U.S. company and a drop in
the fund's share price since the August bid, the newspaper said.
     AFP Habitat was worth about $373 million yesterday as
compared with $549 million on Aug. 27, Diario Financiero said.