CorpBanca acquired MCC from Itau.

Synopsis

CorpBanca, the fourth largest commercial bank in Chile, acquired Santiago-based Munita Cruzat and Claro from Itau. Financial terms were not disclosed. The move allows the consolidation of Itaú's private banking in Chile, increasing the bank's offer in international investment possibilities for the market.

Principals

target

Munita Cruzat Y Claro

bidder

CORPBANCA

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Market Context

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Bidder Team (1)

milton maluhy

CEO at CORPBANCA

Manager

bidder

Deals

£ 76 M

Total Value

Vendor Team (3)

luiz muniz

Managing Director at Rothschild & Co

Financial Advisor

vendor

Deals

£ 13.39 B

Total Value

candido botelho bracher

CEO at ITAU SA

Manager

vendor

Deal

n/a

Total Value

milla junqueira

Rothschild & Co

Financial Advisor

vendor

Deals

£ 4.00 B

Total Value

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