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New Deal

New Deal

Announced

2 Mar 2023

Itaú Unibanco Holding to acquire the remaining 34.38% stake in Banco Itaú Chile

Financials

Transaction Value£635m

Consideration TypeCash

Capital Owned66%

Capital Bid For34%

EV/Sales-

EV/EBITDA-

Share Price Premium10%

One Off Charge-

Itau Corpbanca

target

Itau Corpbanca

Itau Unibanco

bidder

Itau Unibanco

Sources

Press Release

Banco Itaú Chile - 29 May 2023

Press Release

Itaú Unibanco Holding - 2 Mar 2023

Tags

Pending

Single Bidder

Chile

Banks

Cross Border

Majority

banking

Acquisition

Public

Friendly

Tender Offer

Synopsis

Itaú Unibanco Holding, a Brazilian financial services company, agreed to acquire the remaining 34.38% stake in Banco Itaú Chile, a Chilean bank for $789m.

Service Providers (1)

Shearman & Sterling

legal advisors

Shearman & Sterling

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