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Itaúsa renews share buyback program

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Itaúsa renews share buyback program

Itaúsa - Investimentos Itaú SA's board authorized the renewal of a share repurchase program for up to 100,000,000 company shares, or 50,000,000 common shares and 50,000,000 preferred shares, without reduction in value for capital stock.

Company shares reacquired this way will be held as treasury stock, cancelled or resold to the market. The repurchase program will run for 18 months.

Itaúsa's board also cancelled 50,970,229 previously repurchased common shares that were being held in treasury, acquired under an acquisition plan approved by the board in February. The bank had repurchased 25,970,229 common shares in June.