Brazil's Itausa, Votorantim buy stake in CCR for $761 million [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
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Source: Reuters
infrastructure company CCR SA (CCRO3.SA) for around 4.1 billion reais ($761 million), Itausa said in a securities filing on Tuesday. Itausa, a holding company that controls Brazil's largest private lender Itau Unibanco (ITUB4.SA) , will take a 10.33% stake in CCR, for a price of 2.9 billion reais. Votorantim, which already holds 5.8% of the infrastructure firm, will take the remaining amount to boost its stake to 10.33%. The combined stake will be bought from conglomerate Andrade Gutierre, pending the Brazilian antitrust regulator's approval. Andrade Gutierrez initially agreed, in May, to sell its stake to private equity fund IG4 Capital for 4.6 billion reais ($853.97 million) but the deal fell through. ($1 = 5.3866 reais) Reporting by Peter Frontini, Editing by Rosalba O'Brien and David Gregorio Our Standards: The Thomson Reuters Trust Principles.
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News
- ITAÚ UNIBANCO 1Q24 ResultsPR Newswire
- Scotiabank Plans to Enter Brazil Local Debt Markets, Boost Team [Yahoo! Finance]Yahoo! Finance
- Scotiabank Plans to Enter Brazil Local Debt Markets, Boost Team [BNN Bloomberg (Canada)]BNN Bloomberg
- Itau Unibanco (ITUB) Thrives on Buyouts Amid High Expenses [Yahoo! Finance]Yahoo! Finance
- Are You Looking for a High-Growth Dividend Stock? [Yahoo! Finance]Yahoo! Finance
ITUB
Earnings
- 8/8/23 - Beat
ITUB
Sec Filings
- 4/15/24 - Form 6-K
- 4/1/24 - Form 6-K
- 3/28/24 - Form 6-K/A
- ITUB's page on the SEC website