Itau Sets Redecard Offer Date

Itau Sets Redecard Offer Date

Brazil M&A

Itau has set Sept 24 as the date for an auction to buy the 49.99% it does not own in Redecard, it says. The bank is offering BRL33.00 per share to bring the credit card processor wholly in-house, in a move that could cost it as much as BRL11.8bn ($5.

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