IFC, IFC Asset Management Company Funds Invest in Latin American Expansion of Chile’s CorpBanca (Latin America)
International Finance Corporation (IFC) and two private equity funds managed by IFC Asset Management Company (IFC AMC) will acquire 5 percent of the common stock of Chilean commercial and retail bank CorpBanca. The two IFC AMC funds are the US$1 billion IFC African, Latin American and Caribbean Fund and the US$3 billion IFC Capitalization Fund. CorpBanca is publicly listed on the New York Stock Exchange (NYSE) and on the Bolsa de Santiago (BCS). Financial details of the transaction were not disclosed.