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Itaúsa board approves capital hike

The board of Itaúsa - Investimentos Itaú SA approved the company's capital increase worth 1.37 billion reais, according to a securities filing.

The subscribed shares will be credited to shareholders' accounts May 30 and will enjoy all the benefits, including dividends and interest on own capital, that will be declared as of May 24.

As of May 23, US$1 was equivalent to 3.64 Brazilian reais.