Itaú Unibanco said this Friday that it had completed the purchase of around 11.4% of XP for the equivalent of 8 billion reais.
According to the material fact, the transaction does not change XP’s governance and should not have a material effect on results in 2022.
The operation had been approved by the Central Bank last November. The acquisition was foreseen in a contract signed in May 2017.
(Edited by André Romani)