Chilean bank, CorpBanca, is seeking a capital increase of about $750 million, The Wall Street Journal reports. The bank may issue 40.04 billion shares, corresponding to 15% of the bank’s issued share capital. The capital increase will allow CorpBanca to strengthen its growth plans. The proposed capital increase is not a part of an earlier announced $300-400 million capital increase for a 10% stake sale to Brazilian government-owned, Banco do Brasil.

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