Newsroom & Opinion

Cartica Capital Demands CorpBanca Board Immediately Call Shareholders Meeting to Consider Ita̼ РCorpBanca Merger

May 12, 2015
In the News

Calls for no further delay in delivery of Board’s recommendation and full disclosure of KPMG report and all other relevant information

WASHINGTON, D.C.””(BUSINESS WIRE)””Cartica Capital (“Cartica”) today delivered a letter to the Chairman of the Board of Directors of CorpBanca S.A. demanding that the Board immediately call an extraordinary general meeting of the Bank’s shareholders to vote on the terms of the proposed Itaú – CorpBanca transaction. Expressing its concern over the Board’s repeated delays in providing its assessment of the transaction to shareholders, Cartica insisted that the Board comply with its obligations under Chilean corporate law and the Bank’s charter to provide shareholders its analysis and recommendation with respect to the proposed transaction and make public all documents and information concerning the deal so that shareholders can make a fully-informed decision.

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