Second Evaluation Means Redecard Offer Fair: Itau

Second Evaluation Means Redecard Offer Fair: Itau

Brazil M&A Equity

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 says. Credit Suisse puts the credit card payment-processor’s value at BRL34.66-BRL38.12, meaning Itau’s BRL35.00 of

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