March 18, 2014
Cartica Capital was reviewing Monday shareholder and transaction documents released Friday for the merger of CorpBanca and the Chilean unit of Itau, a spokesperson said. The emerging markets fund manager, which owns 3.2% of CorpBanca, has previously protested what it called unfair benefits to the Chilean lender’s controlling shareholder, Alvaro Saieh’s CorpGroup. Cartica has drawn attention to what it called “an array of special benefits” for CorpGroup, including an agreement that the post-merge
M&A: Cartica Capital reviews shareholder agreement for CorpBanca-Itau merger.