The transaction involves US$1.6 billion

The Purchase of a Stake in Xp Is Part of Itau’s Expansion Strategy

Date:

Captura de Pantalla 2022-05-02 a la(s) 12

Authors: Marcelo Soba

  1. Itau bought an 11.36% stake in brokerage XP
  2. Sources at the Brazilian bank told Funds Society that the XP purchase is in line with Itau's strategy
  3. The bank sources added that Itaú is expected to buy companies "in the Fintech field."