SÃO PAULO, Jan. 13, 2022
/PRNewswire/ -- Itaú Unibanco Holding S.A. ("Itaú Unibanco")
informs its stockholders and the general market that, on this date,
it has entered into an agreement with Ideal Holding Financeira S.A.
and its subsidiaries ("Ideal") for the purchase of up to 100% of
Ideal´s capital stock. The purchase will be carried out in two
phases over five years. In the first phase, Itaú Unibanco will
purchase 50.1% of Ideal´s voting capital, by means of a primary
capital contribution and a secondary acquisition of shares totaling
approximately R$650 million, then
becoming the holder of the company's control. In the second phase,
five years on, Itaú Unibanco will be able to exercise the right to
buy the remaining share (49.9%) of Ideal´s capital stock.
The management of Ideal's business will remain independent from
Itaú Unibanco, under the terms and conditions of the Stockholders'
Agreement for this transaction. Against this backdrop, Ideal will
continue to provide services to its clients and Itaú Unibanco will
not be its exclusive service customer.
This transaction strengthens Itaú Unibanco's investment
ecosystem and will enable (i) particularly, the provision of the
talent and expertise of Ideal's professionals, renowned for their
high ability to innovate in this industry, (ii) the offer of
financial products and services ("broker as a service") under a
B2B2C model through a white label platform, (iii) the potential
expeditious entry of independent financial advisors into the
market, and (iv) the improved distribution of investment products
to individual clients.
Ideal is a fully digital broker that currently offers electronic
trading and DMA (direct market access) solutions, on a flexible and
cloud-based platform. Ideal has obtained its operation license in
2019 and was founded by executives highly experienced in the
securities intermediation segment, it is today one of the leading
brokers in traded volume on B3.
The investment in Ideal strengthens Itaú Unibanco's commitment
with its clients seeking transformational solutions in an
increasingly expanding market, thus enabling to increase the offer
of products and services in the channels most convenient to each
client profile and the sustainable business development.
The completion of the transaction is subject to approvals from
the Brazilian Antitrust Authority (CADE) and the Central Bank of
Brazil.
RENATO LULIA
JACOB
Group Head of Investor Relations and Market
Intelligence
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SOURCE Itaú Unibanco Holding S.A.