Cartica Capital and CorpBanca Fighting through the courts

Cartica Capital and CorpBanca Fighting through the courts

Cartica Capital’s case against Chile’s CorpBanca has been perhaps the most prominent incident of vocal shareholder activism in Latin America — largely as it involves Latin America’s biggest private-sector bank. The proposed merger is potentially the biggest step yet in Itaú’s strategy of becoming a regional bank, as it includes CorpBanca’s operations in Colombia, as well as Chile.Cartica has protested against the deal on the basis, it claims, that the deal unfairly benefits álvaro Saieh, the Chilean billionaire who controls CorpBanca, at the expense of other shareholders. It suggests the deal amounts to a bailout for Corp Group, Saieh’s holding company, which also includes SMU, a supermarket

Already have an account?

Free trial

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

Free Trial