BRIEF-EastSideCapital drops negotiations regarding purchase of shares in brokerage house
* SAID ON SATURDAY THAT IT DECIDED TO CEDE NEGOTIATIONS CONCERNING THE ACQUISITION OF SHARES IN A BROKERAGE HOUSE
SAO PAULO Oct 5 Brazil's Itaúsa Investimentos Itaú SA has made no new investment decision, the company said in a securities filing on Wednesday, following reports of a deal for Petróleo Brasileiro SA's fuel distribution unit.
Shares in Itaúsa, the holding company controlling lender Itaú Unibanco Holding SA, fell on Tuesday on reports it planned to pair up with Cambuhy Investimentos to bid for Petrobras' BR Distribuidora. Itaúsa is "continuously assessing possible deals that increase shareholder value," the company said in response to an inquiry by the BM&FBovespa bourse operator about uncommon share moves. (Reporting by Bruno Federowski and Paula Arend Laier)
* Increased year-end distribution by 7.1 pct to 97.24 cents per share