trending Market Intelligence /marketintelligence/en/news-insights/trending/ojs5xkhy4evrsoek-hwsxq2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Brazil's central bank approves Itaú’s 12B reais capital stock increase

Video

The Global Impact of COVID-19

Australia And New Zealand Telcos Launch Special Packs Amidst COVID-19 Outbreak

COVID-19: The 451 Research Take

IPTV, Multichannel Services In Asia Evolving Quickly In Response To COVID-19


Brazil's central bank approves Itaú’s 12B reais capital stock increase

Banco Central doBrasil gave the green light to ItaúUnibanco Holding SA's planned 12 billion Brazilian reais .

The central bank approval follows a Sept. 14 shareholder decisionthat authorized the bank to increase its capital to 97.15 billion reais from about85.15 billion reais.

With the capital increase, which entails the issuance of 598,391,594new shares, Itaú will give shareholders of record as of Oct. 17 an extra share forevery 10 they hold.

Similarly, investors in the bank's NYSE-listed ADRs will receiveone new ADR for every 10 already held, while those holding Buenos Aires Stock Exchange-listedArgentine Certificates of Deposit will receive one new CEDEAR for every 10 held.

As of Sept. 29, US$1 wasequivalent to 3.22 Brazilian reais.