Mergers & Acquisitions ·
Itaú Unibanco Holding S.A. completed the transfer of its Colombian subsidiary's retail banking operations to Banco de…
ITUBItau Unibanco Holding S.A.
Itaú Unibanco Holding S.A. completed the transfer of its Colombian subsidiary's retail banking operations to Banco de Bogotá S.A. at book value, involving approximately BRL 9.7 billion in net loans and BRL 7.2 billion in deposits for a net transaction value of BRL 2.5 billion. The deal has no material impact on regulatory capital ratios, allowing Itaú Colombia to refocus exclusively on Corporate Banking. Itaú Unibanco Holding S.A. is a major Brazilian multinational financial services corporation providing banking and insurance products.