Corpbanca Capital Raise Set to Top $300m

Chile’s Corpbanca has raised CLP97.71bn ($191m) through the sale of 15.63m shares to existing holders, it says. The amount is divided equally between the Santo Domingo family and the controlling Corp Group. Corp Group plans to subscribe additional shares equivalent to $148m within the next 12 days. The purchase is a part of a previously announced capital raise of up to 43m shares, or CLP269bn, to help fund the acquisition of Santander’s Colombian assets, agreed in December. The process is expected to be complete by the end of June.