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Brazil's Itaú says did not sign agreement yet to buy stake in XP
May 11, 2017 / 3:58 PM / in 5 months

Brazil's Itaú says did not sign agreement yet to buy stake in XP

SAO PAULO, May 11 (Reuters) - Itaú Unibanco Holding SA said it is still in talks to acquire a stake in Brazilian broker XP Investimentos SA, adding that no definitive agreement has been signed.

In a securities filing on Thursday, Brazil´s largest lender by assets denied a report by O Estado de S. Paulo newspaper that a deal had already been struck. XP Investimentos SA filed a request on Wednesday with Brazilian securities industry watchdog CVM for an initial public offering. (Reporting by Tatiana Bautzer)

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