Itaú Unibanco Holding, Through Its Subsidiaries, Inks A Binding Stock Purchase Agreement With Banco Macro To Sell Banco Itaú Argentina S.a. And Its Subsidiaries
Portfolio Pulse from Benzinga Newsdesk
Itaú Unibanco Holding S.A. has entered into a binding stock purchase agreement with Banco Macro to sell all shares held in Banco Itaú Argentina S.A. and its subsidiaries.
August 24, 2023 | 10:58 am
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Itaú Unibanco Holding S.A. is selling all its shares in Banco Itaú Argentina S.A. to Banco Macro.
The sale of Banco Itaú Argentina S.A. could potentially free up resources for Itaú Unibanco, but the financial impact will depend on the terms of the deal, which are not specified in the news. Therefore, the short-term impact on ITUB's stock price is uncertain.
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