April 8, 2013
Kinea, an investment firm controlled by Itau, has agreed to buy 20% of Grup
Kinea, an investment firm controlled by Itau, has agreed to buy 20% of Grupo ABC for BRL170m ($84m), ABC says. Brazil's largest indigenous communications player plans to use proceeds to make acuqisions and organically grow the various companies ABC operates. Kinea is to have representation on ABC's board. Goldman Sachs advised the target, according to Dealogic data. ABC is among those tipped as a candidate for a public equity sale.