June 17, 2022 |
Corp Group Banking, a financial holding company controlled by Chile's Saieh family, received approval for its Chapter 11 liquidation plan from a US bankruptcy court, setting up the transfer its 14% stake in Itaú Corpbanca to creditors, according to local press reports.
CorpGroup will also pay $30 million to creditors over 15 years under the plan endorsed by the Bankruptcy Court of the State of Delaware, local newspaper La Tercera reported.
In addition, Inversiones Gasa, a division of CorpGroup,
Chilean financial holding company will hand creditors its 14% stake in Itaú Corpbanca