SAO PAULO May 11 Itaú Unibanco Holding SA
, Brazil's largest bank, has agreed to acquire a 49.9
percent stake in Broker XP Investimentos SA for 6.3 billion
reais ($2 billion), the bank said in a securities filing late on
Itaú has agreed to pay 5.7 billion reais to shareholders
General Atlantic LLC and Dyna III fund for part of their stakes.
Additionally, Itaú will inject 600 million reais into the
broker. According to provisions in the agreement, Itaú will
acquire additional stakes in 2020 and 2022, to reach 74.9
percent of XP's capital.
($1 = 3.1399 reais)
(Reporting by Tatiana Bautzer; Editing by Sandra Maler)