Brazil’s Itau to buy 35% stake in broker Avenue for $92 mln, eyes control later
SAO PAULO — Brazil’s largest private lender Itau Unibanco Holding SA has agreed to acquire control of Avenue, a brokerage that provides Brazilians with access to foreign markets, it said on Friday. Itau Unibanco will spend 493 million reais ($92 million) for 35% of Avenue, including a cash injection of 160 million reais and a […]
Brazil’s Itau to buy 35% stake in broker Avenue for $92 mln, eyes control later
SAO PAULO — Brazil’s largest private lender Itau Unibanco Holding SA has agreed to acquire control of Avenue, a brokerage that provides Brazilians with access to foreign markets, it said on Friday. Itau Unibanco will spend 493 million reais ($92 million) for 35% of Avenue, including a cash injection of 160 million reais and a […]