Itau Completes Redecard Tender

Itau Completes Redecard Tender

Brazil Equity

Itau has completed a tender offer to acquire all outstanding shares of Redecard, it says, allowing the Brazilian bank to delist the payment processor at a cost of BRL10.46bn ($5.17bn). Itau is buying up 299.0m shares at BRL35.00 per share, receiving

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