(Reuters) – Brazilian lender Itau Unibanco said on Friday it has acquired an 11.36% stake in brokerage XP Inc for around 8 billion reais ($1.61 billion).
The deal does not change XP’s governance and should not have a relevant effect on the 2022 results, said the lender in a securities filing.
In November, Itau received approval from Brazil’s central bank to buy the stake.
($1 = 4.9721 reais)
(Reporting by Carolina Pulice and Peter Frontini; editing by Bernard Orr)