ITAÚ UNIBANCO - Material Fact: News published in the media: Banco Itaú Argentina

Rhea-AI Summary

Itaú Unibanco is in preliminary negotiations to divest its operations in Argentina to Banco Macro. The sale has not been finalized yet.

Positive

• Itaú Unibanco is considering divesting its operations in Argentina to Banco Macro. This could potentially lead to a positive impact on Itaú Unibanco's stock price if the sale is successful and generates favorable financial results.

Negative

• No negative takes identified.

SÃO PAULO, June 6, 2023 /PRNewswire/ -- Considering the news published in the Argentine press, entitled "Banco Itaú le pone el cartel de venta a sua filial argentina", Itaú Unibanco Holding S.A. ("Itaú Unibanco") clarifies that is in preliminary negotiation with Banco Macro S.A., headquartered in Argentina, with the object of divest its operations in that country.

Listed on the Buenos Aires and New York stock exchanges, Banco Macro S.A. is one of the main private banks in Argentina. It has an extensive network of branches in the country and offers financial products and services throughout the Argentine territory, serving all segments, from individuals to large companies.

Itaú Unibanco informs that until the present moment has not signed a binding contract about this possible sale and will immediately inform the market of any relevant information regarding this fact.

RENATO LULIA JACOB  
Group Head of Investor Relations and Market Intelligence

 

 

 

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SOURCE Itaú Unibanco Holding S.A.

FAQ

What is Itaú Unibanco considering?

Itaú Unibanco is considering divesting its operations in Argentina.

Who is Itaú Unibanco negotiating with?

Itaú Unibanco is in preliminary negotiations with Banco Macro.

What could be the impact on Itaú Unibanco's stock price?

If the sale is successful, it could potentially have a positive impact on Itaú Unibanco's stock price.

Has the sale been finalized?

No, the sale has not been finalized yet.