Material Fact: Strategic participation in Avenue
SÃO PAULO , July 8, 2022 |PRNewswire| -- Itaú Unibanco Holding S.A. ("Itaú Unibanco") informs its stockholders and the market that today it entered into a share purchase agreement, through its subsidiaries, with Avenue Controle Cayman Ltd and other selling stockholders, providing for the acquisition of control of Avenue Holding Cayman Ltd ("Avenue"). After obtaining the required regulatory approvals, Itaú Unibanco will initially acquire 35.0% of the total and voting capital of Avenue through a capital contribution of R$160 million and a secondary acquisition of shares, totaling approximately R$ 493 million . After 2 years from the closing date of this first tranche, Itaú Unibanco will acquire an additional stake of 15.1%, for an amount to be determined based on a … Full story available on Benzinga.com
Material Fact: Strategic participation in Avenue
SÃO PAULO , July 8, 2022 |PRNewswire| -- Itaú Unibanco Holding S.A. ("Itaú Unibanco") informs its stockholders and the market that today it entered into a share purchase agreement, through its subsidiaries, with Avenue Controle Cayman Ltd and other selling stockholders, providing for the acquisition of control of Avenue Holding Cayman Ltd ("Avenue"). After obtaining the required regulatory approvals, Itaú Unibanco will initially acquire 35.0% of the total and voting capital of Avenue through a capital contribution of R$160 million and a secondary acquisition of shares, totaling approximately R$ 493 million . After 2 years from the closing date of this first tranche, Itaú Unibanco will acquire an additional stake of 15.1%, for an amount to be determined based on a … Full story available on Benzinga.com