Chile CorpBanca to offer stock for Colombia buy
Posted on May 11, 2012 at 10:01 AM EDT
SANTIAGO, May 11 (Reuters) - Chilean bank CorpBanca will offer 43 billion shares to raise up to 268.75 billion pesos ($550 million) to help pay for its purchase of Banco Santander Colombia, about $100 million shy of the maximum amount shareholders approved in April for its capital increase.
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