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Second Evaluation Means Redecard Offer Fair: Itau

Jun 19, 2012

Itau’s BRL11.8bn ($5.75bn) offer for the remainder of Redecard is in line with an appraisal requested by a minority investor, the bank...

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At a fundamental level, the issue is how to generate healthy returns in the medium to long term. Policy holders can see their fund go down over the course of a week or a month, but what we really should be looking at is returns over 20 or 30 years.

Daniel Schydlowsky, Peru’s banking, insurance and private pension fund regulator


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