SÃO PAULO, Aug. 24,
2023 /PRNewswire/ -- Itaú Unibanco Holding S.A.
("Itaú Unibanco") informs its stockholders and the market that on
this date, through its subsidiaries, a binding stock purchase
agreement was entered into with Banco Macro ("Macro"), through
which all shares held in Banco Itaú Argentina S.A. and its
subsidiaries ("BIA") will be sold.
After meeting certain precedent conditions set forth in the
agreement and obtaining the required regulatory authorizations in
Argentina, Itaú Unibanco, through
its subsidiaries, will receive from Macro on the closing date of
this transaction the approximate amount of R$250 million, which will be adjusted by BIA's
net result, earned from April 1, 2023
to the closing date.
The non-recurring impact of this transaction on Itaú Unibanco's
result is estimated to be negative by approximately R$1.2 billion, which will be recognized when the
transaction is completed. The net impact on Itaú Unibanco's CET 1
capital will be immaterial.
After the completion of this transaction, Itaú Unibanco will
continue serving corporate clients, both local and regional, and
individuals in the wealth and private banking segments through its
foreign units. It will also submit a request, to be approved by
regulators in Argentina and in
Brazil, to open a representative
office in Argentina to carry out
the activities permitted by its license and other conditions of the
stock purchase agreement.
RENATO LULIA
JACOB
Group Head of Investor Relations and Market
Intelligence
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SOURCE Itaú Unibanco Holding S.A.