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Itaú Corpbanca Files Material Event Notice announcing the selling of its share ownership in “Operadora de Tarjetas de Crédito Nexus S.A.”

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ITAÚ CORPBANCA (NYSE: ITCB) has completed the sale of its ownership in Nexus to Minsait Payment Systems Chile S.A., a subsidiary of Indra Sistemas S.A. This transaction marks the end of Itaú Corpbanca's shareholder status in Nexus. The announcement was made through a Material Event Notice filed with the Chilean Commission for the Financial Market on September 30, 2022, confirming that control of Nexus is now entirely in the hands of Minsait Payment Systems.

Positive
  • Successful completion of the sale of Nexus enhances focus on core business operations.
  • Strategic divestment may improve liquidity and financial flexibility.
Negative
  • None.

SANTIAGO, Chile, Sept. 30, 2022 (GLOBE NEWSWIRE) -- ITAÚ CORPBANCA (NYSE: ITCB; SSE: ITAUCORP) announced that it filed today a Material Event Notice with the Chilean Commission for the Financial Market reporting the closing of the transaction with Minsait Payment Systems Chile S.A. (a subsidiary of “Indra Sistemas S.A.”, a company duly incorporated in Spain) –as informed through a material event notice, dated November 30th 2021– to sell our share ownership in “Operadora de Tarjetas de Crédito Nexus S.A.” (hereinafter “Nexus”). As a result, Minsait Payment Systems Chile S.A. has taken control of Nexus and Itaú Corpbanca, as well as all other shareholders, have ceased to be shareholders of Nexus.

The full Material Event Notice is available on the company’s investor relations website at ir.itau.cl.

Investor Relations – Itaú Corpbanca

+56 (2) 2660-1701 / IR@itau.cl / ir.itau.cl


FAQ

What is the recent transaction involving ITCB and Nexus?

ITAÚ CORPBANCA (ITCB) has sold its ownership stake in Nexus to Minsait Payment Systems Chile S.A.

When was the Material Event Notice for ITCB filed?

The Material Event Notice was filed on September 30, 2022.

What does the sale of Nexus mean for ITCB shareholders?

The sale indicates that ITCB has ceased to be a shareholder in Nexus, potentially allowing for a more focused business strategy.

Who acquired control of Nexus from ITCB?

Control of Nexus was acquired by Minsait Payment Systems Chile S.A.

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