Brazil-based Itaúsa - Investimentos Itaú SA has concluded the private subscription of 175,641,026 shares worth 1.37 billion reais.
The company, on May 18, auctioned the remaining 33,874 shares unsubscribed in the preferred subscription period.
The share offering is meant to raise the company's capital stock. On May 24, the company's board will meet to approve the increase of its capital to about 38.52 billion reais.
As of May 21, US$1 was equivalent to 3.71 Brazilian reais.
