Bloomberg News

La Polar Shareholders Approve New Share Sale, Corpbanca Says

June 22, 2011

June 22 (Bloomberg) -- Shareholders of Empresas La Polar SA, the Chilean retailer under investigation for consumer- lending fraud, approved a proposal to sell 250 million new shares, Cristina Acle, head of equity research at the brokerage unit of Corpbanca, who attended today’s shareholder meeting, said in an e-mail.

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