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Itau Nabs Remaining Stake in Redecard

Feb 8, 2012

Brazil’s largest private bank, Itau Unibanco, has made a bid to acquire the stake in card payment firm Redecard that it doesn’t already own for BRL11.77bn ($6.85bn). Itau is offering to purchase 336.4m Redecard shares, or 49.985% of the...

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