Cartica mulls next move after CorpBanca releases shareholders’ accord

Cartica mulls next move after CorpBanca releases shareholders’ accord

M&A

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

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial