Michelle Bachelet prepares to serve second term as President
The Nacion newspaper is reporting that Evelyn Matthei of the ruling centre-right coalition has conceded defeat to her left-wing opponent Michelle Bachelet.
With around 85% of the votes counted at the time of writing, Michelle Bachelet had taken 62.4% of the votes and Evelyn Matthei was on 37.59% of the vote. Actual numbers for turnout have still to be announced but most commentators are saying that it was around 41% which suggests that the disillusionment of voters in politics was strong.
Michelle Bachelet also served as president between 2006 and 2010; she will start her new term in office on 11th March 2014. Presidents in Chile are not permitted to serve two consecutive terms but may stand more than once for election.