No proceeds from Corpbanca sale will go to SMU- Alvaro Saieh

Chilean business tycoon and billionaire Alvaro Saieh said no proceeds that will be raised from an eventual stake sale of Corpbanca will be utilized to fund it sister firm SMU SA, a Bloomberg report said.

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Corpbanca's search for buyer spurs bond rally

The rally of Corpbanca's high-grade bonds in the merging markets indicated investors' demand for the Chilean bank to find a buyer soon. Corpbanca is run by Chilean billionaire Alvaro Saieh.

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Top deals of the deay - bids, mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported on Friday including Statoil, Cassa Depositi e Prestiti, ThyssenKrupp, Mercator, Avivasa Emeklilik, Hayat Sigorta, Banca Monte dei Paschi di Siena, Telus Corp, Atrium Innovations and John Hardy

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