Itaú sells another US$ 24 million in shares of XP, which is the buyer

Itaú sells another US$ 24 million in shares of XP, which is the buyer

Yesterday, the bank had already sold even greater volume in block trades

Itaú accelerated the divestment of shares of XP Inc. After making a block trade of 6.78 million shares yesterday, the bank today closed an additional sale of 1.06 million shares directly with XP.

In a statement, XP said it was buying the shares for $22.65 each, for a total of $24 million and 0.19% of the company’s capital. XP said it must use its existing cash to execute the transaction, keeping the shares in treasury. The percentage is not part of the share buyback program announced by XP on May 11.

In the block of shares yesterday, Itaú raised US$ 153.7 million, with around 1.21% of the company’s capital placed on the market. Yesterday’s and today’s sales total approximately R$888 million for Itaú. The bank remains with a 9.96% stake, in addition to the share with Itaúsa.

Source: Value Pipeline

Related post

Bye Excel: Ballast raises $4 million to automate actual property administration

Bye Excel: Ballast raises $4 million to automate actual…

Brazilian startup has just closed a seed round with managers Canary, QED and 1Sharpe Managing a real estate portfolio is still…
Desktop finalizes acquisition of IDC for BRL 89.9 million

Desktop finalizes acquisition of IDC for BRL 89.9 million

According to the company, BRL 2 million was paid in cash, BRL 42.9 million will be paid in January and BRL…
Docket, the ‘anti-bureaucracy’ startup, raises BRL 110 million with Gerdau and Bradesco

Docket, the ‘anti-bureaucracy’ startup, raises BRL 110 million with…

Docket — a search, management and pre-analysis startup for legal documents — has just raised BRL 110 million in a round…

Leave a Reply

Your email address will not be published. Required fields are marked *