{"id":392877,"date":"2020-12-03T10:17:27","date_gmt":"2020-12-03T15:17:27","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=392877"},"modified":"2020-12-03T10:17:27","modified_gmt":"2020-12-03T15:17:27","slug":"material-fact-sale-of-shares-xp","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/material-fact-sale-of-shares-xp\/","title":{"rendered":"Material Fact: Sale of shares – XP"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

S\u00c3O PAULO, Dec. 3, 2020<\/span> \/PRNewswire\/ — Ita\u00fa Unibanco Holding S.A.<\/b>\u00a0(“Ita\u00fa Unibanco” or “Company”) informs its stockholders and the general market that on December 2, 2020<\/span> it sold the shares issued by XP Inc. (“XP”) held by its subsidiary ITB Holding Brasil Participa\u00e7\u00f5es Ltda., representing 4.4% of XP’s capital stock, by way of the public offering held on Nasdaq, the stock exchange on which XP’s shares are listed (“Transaction”).<\/p>\n

This Transaction totaled US$\u00a0935 million. After the green shoe exercise, the total amount might reach US $ 1.052 billion<\/span> equivalent to 5% of XP total capital. This sale will affect Ita\u00fa Unibanco’s results for this year.<\/p>\n

Ita\u00fa Unibanco became the holder, directly or indirectly, of 41.1% of XP’s total capital and, after the green shoe exercising, if consummately, it will become the holder, directly or indirectly, of 40.5% of the total capital of XP.<\/p>\n

\n
\n ALEXSANDRO BROEDEL<\/span>
\n
\n <\/i>
\n Group Executive Finance Director and Head of Investor Relations<\/i>\n <\/p>\n

Ita\u00fa Unibanco – Corporate Communication
(11) 5019-8880 \/ 8881 – press@itau-unibanco.com.br<\/a><\/p>\n

\u00a0<\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/material-fact-sale-of-shares—xp-301185868.html<\/a><\/p>\n

SOURCE Ita\u00fa Unibanco Holding S.A.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire S\u00c3O PAULO, Dec. 3, 2020 \/PRNewswire\/ — Ita\u00fa Unibanco Holding S.A.\u00a0(“Ita\u00fa Unibanco” or “Company”) informs its stockholders and the general market that on December 2, 2020 it sold the shares issued by XP Inc. (“XP”) held by its subsidiary ITB Holding Brasil Participa\u00e7\u00f5es Ltda., representing 4.4% of XP’s capital stock, by way of the public offering held on Nasdaq, the stock exchange on which XP’s shares are listed (“Transaction”). This Transaction totaled US$\u00a0935 million. After the green shoe exercise, the total amount might reach US $ 1.052 billion equivalent to 5% of XP total capital. This sale will affect Ita\u00fa Unibanco’s results for this year. Ita\u00fa Unibanco became the holder, directly or indirectly, of 41.1% of XP’s total … <\/p>\n

Continue reading “Material Fact: Sale of shares – XP”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-392877","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMaterial Fact: Sale of shares - XP - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/material-fact-sale-of-shares-xp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Material Fact: Sale of shares - XP - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire S\u00c3O PAULO, Dec. 3, 2020 \/PRNewswire\/ — Ita\u00fa Unibanco Holding S.A.\u00a0(“Ita\u00fa Unibanco” or “Company”) informs its stockholders and the general market that on December 2, 2020 it sold the shares issued by XP Inc. (“XP”) held by its subsidiary ITB Holding Brasil Participa\u00e7\u00f5es Ltda., representing 4.4% of XP’s capital stock, by way of the public offering held on Nasdaq, the stock exchange on which XP’s shares are listed (“Transaction”). This Transaction totaled US$\u00a0935 million. After the green shoe exercise, the total amount might reach US $ 1.052 billion equivalent to 5% of XP total capital. This sale will affect Ita\u00fa Unibanco’s results for this year. Ita\u00fa Unibanco became the holder, directly or indirectly, of 41.1% of XP’s total … Continue reading "Material Fact: Sale of shares – XP"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/material-fact-sale-of-shares-xp\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-03T15:17:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=SP12254&sd=2020-12-03\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/material-fact-sale-of-shares-xp\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/material-fact-sale-of-shares-xp\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Material Fact: Sale of shares – XP\",\"datePublished\":\"2020-12-03T15:17:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/material-fact-sale-of-shares-xp\\\/\"},\"wordCount\":184,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/material-fact-sale-of-shares-xp\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=SP12254&sd=2020-12-03\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/material-fact-sale-of-shares-xp\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/material-fact-sale-of-shares-xp\\\/\",\"name\":\"Material Fact: Sale of shares - 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