Billionaire Sebastián Piñera won a landmark victory in Sunday’s presidential election, and will become Chile’s first conservative leader since the end of the dictatorship of Augusto Pinochet two decades ago.
With 99% of polling places reporting, Mr. Piñera had 51.6% of the vote, compared to 48.3% for Eduardo Frei, an ex-president who was the candidate of the center-left Concertación coalition that has governed Chile since 1990. Mr. Frei conceded defeat early Sunday evening.
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