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Brazil's Itaúsa Investimentos to incorporate Empreendimentos unit

The shareholders of Itaúsa - Investimentos Itaú SA on Aug. 30 approved a plan which entails the incorporation of its wholly owned subsidiary Itaúsa Empreendimentos SA, according to a regulatory filing.

The plan comes as São Paulo-based Itaúsa aims to increase synergy and operational efficiency in its company structure.