Corpbanca – Itaú merger

Overview:

• Corpbanca has merged with Banco Itaú Chile, creating Chile's third largest commercial bank. 
• The entity is owned by Itaú Unibanco,
• The bank is headquartered in Santiago but has operations in both Chile and Colombia.
• Bank of America Merrill Lynch and Goldman Sachs acted as financial advisers.
• Claro & Cia (Jorge Carraha, José María Eyzaguirre, Felipe Larraín) advised both merger parties.
• Posse Herrera Ruiz and Simpson Thacher & Bartlett advised CorpBanca. 
• Brigard & Urrutia and Wachtell Lipton Rosen & Katz advised Itaú.
• Cleary Gottlieb Steen & Hamilton and Carey (Cristián Eyzaguirre, Salvador Valdés) advised the financial advisers.

Rani Mehta - Journalist - Latin America