BRIEF-Intercap succeeds in its bid to acquire Ziplocal
* Ziplocal - Intercap has been successful in its bid to acquire Ziplocal under its previously announced offer made to shareholders of ziplocal
SAO PAULO Feb 8 Itaú Unibanco Holding SA expects to maintain a new policy of distributing between 35 percent and 45 percent of annual profit "for a few years," Chief Executive Officer Roberto Setubal said on Wednesday, a sign Brazil's No. 1 bank by market value has enough capital buffer to keep rewarding shareholders.
Itaú on Tuesday disclosed the new policy, aimed at helping return excess capital to shareholders. Since 2008, the bank had paid an average 31 percent payout ratio. (Reporting by Guillermo Parra-Bernal)
June 27 QBE Insurance Group said on Tuesday it was unaware of the impact of losses in the emerging markets division on overall profitability during its annual meeting in early May.