Corpbanca Holders Raise Block Trade

Grupo Saieh, which controls Corpbanca, has sold 14.4bn shares in Corpbanca, raising about $225m equivalent, coordinator Celfin says. The block representing a 6.34% stake priced at CLP7.35, the floor set in the sale, to raise CLP 105.8bn ($226m). The price matched Thursday’s closing levels. Shares closed Friday at CLP7.45. Celfin managed the sale. Separately, Corpbanca is moving ahead with the 25.5m share capital raise it approved in January, according to local press reports.