Deals
Itau Wins Corpbanca Shareholder Vote for $1.8 Billion Deal
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Itau Unibanco Holding SA’s $1.8 billion offer to take control of Chile’s Corpbanca SA won approval from shareholders of the Santiago-based bank in one of the final steps toward creating Chile’s fourth-largest lender.
The vote was 88.4 percent in favor, Corpbanca said Friday, allowing the combination of the Chilean company controlled by billionaire Alvaro Saieh with the local unit of Sao Paulo-based Itau.