Material Fact: Itaú CorpBanca - Shareholding Increase

Rhea-AI Summary

Itaú Unibanco has increased its shareholding in Itaú Corpbanca from 39.22% to 53.79% as part of a capital increase process. This increase was achieved by exercising preemptive rights and acquiring additional rights from another shareholder. The capital increase is currently incomplete, and Itaú Unibanco plans to subscribe to all remaining shares in the next stage. The expected effect on Itaú Unibanco's capital ratios is deemed immaterial. The company commits to updating stakeholders on further developments.

Positive

• Increased shareholding in Itaú Corpbanca from 39.22% to 53.79% enhances control and influence.
• Plans to subscribe to remaining shares, indicating commitment to investment.

Negative

• None.

SÃO PAULO, Nov. 5, 2021 /PRNewswire/ -- In accordance with paragraph 4 of Article 157 of Law No. 6,404/1976 and CVM Instruction No. 358/02, Itaú Unibanco Holding S.A ("Itaú Unibanco" or "Company") informs its stockholders and the general market that, in accordance to the Material Fact released by Itaú Corpbanca (a financial institution incorporated in Chile) on November 04, 2021, Itaú Unibanco, by itself and by certain affiliates, increased its shareholding (in the total and voting share capital), held direct and indirectly, from 39.22% to 53.79%, in the context of Itaú Corpbanca's share capital increase, by exercising its preemptive share rights and also by acquiring and exercising the preemptive share rights from another shareholder.

Itaú Unibanco informs that Itaú Corpbanca's share capital increase is not concluded yet and that it intends to subscribe and pay the totality of the remaining shares to which it will be entitled in the next subscription stage of this share capital increase. 

The expected effect on the Company's capital ratios is immaterial.

The Company will keep its stockholders and the market informed of the progress and developments of this operation.

RENATO LULIA JACOB 
Group Head of Investor Relations and Market Intelligence

Itaú Unibanco – Comunicação Corporativa  
(11) 5019-8880 / 8881 – imprensa@itau-unibanco.com.br

View original content:https://www.prnewswire.com/news-releases/material-fact-itau-corpbanca--shareholding-increase-301417557.html

SOURCE Itaú Unibanco Holding S.A.

FAQ

What is the new shareholding percentage of Itaú Unibanco in Itaú Corpbanca?

Itaú Unibanco increased its shareholding in Itaú Corpbanca to 53.79%.

When did Itaú Unibanco announce the shareholding increase?

The announcement was made on November 5, 2021.

What was the previous shareholding percentage of Itaú Unibanco in Itaú Corpbanca?

The previous shareholding was 39.22%.

What is the expected effect on Itaú Unibanco's capital ratios?

The expected effect on the Company's capital ratios is immaterial.

How will Itaú Unibanco keep stakeholders informed about the shareholding increase?

Itaú Unibanco will update stakeholders on the progress and developments of the operation.