Itaú buys controlling stake in Chile’s CorpBanca

Wachtell, Lipton, Rosen & Katz, Claro & Cía and Brigard & Urrutia Abogados have helped Brazil’s Itaú Unibanco buy Chile’s CorpBanca in a US$2.2 billion deal in which Itaú also took on the Chilean bank’s Colombian assets – the largest Latin American banking merger since Itaú Unibanco was formed back in 2008.