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Stock impact report

Brazil bank Itau sells stake in broker XP for $154 million -report [Reuters]

Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 500 Preferred shares) (ITUB) 
Last itau unibanco banco holding sa american depositary shares (each repstg 500 preferred shares) earnings: 2/11 04:01 pm Check Earnings Report
US:NYSE Investor Relations: itau.com.br/investor-relations
Company Research Source: Reuters
(Reuters) - Brazilian lender Itau Unibanco Holding SA on Tuesday sold some of its roughly 11% stake in New York-listed broker XP Inc for about $154 million, Brazil Journal reported without stating where it obtained the information. Itau sold 6.78 million shares at $22.65 each, a 4.4% discount to the day's closing price, the business news website said without identifying the buyer or detailing the size of the bank's remaining stake. The report comes almost a month after Itau denied it was in talks to sell a stake in XP to U.S. brokerage Charles Schwab Corp. Neither Itau nor XP responded to Reuters' requests for comment. Reporting by Carolina Pulice; Editing by Christopher Cushing Show less Read more
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