Itau Unibanco Holding S.A. - Sale of interest in SERASA
- MATERIAL FACT
SAO PAULO, Oct. 23, 2012 /PRNewswire/ -- Itau Unibanco
Holding S.A. ("ITAU"), through BIU Participacoes ("BIU"), announces
the signing of a Share Purchase Agreement with Experian Brasil
Ltda. ("EXPERIAN"), through which ITAU undertakes to sell to
EXPERIAN its total interest in Serasa S.A. ("SERASA").
EXPERIAN shall pay R$ 1.7 billion
to ITAU, in cash, for 601,403 SERASA's shares, representing 16.14%
of the company's capital. The settlement of this transaction will
occur after certain conditions of the contract are satisfied:
- obtainment of necessary regulatory and governmental
authorizations, and
- the approval of the transaction by the shareholders of Experian
PLC, EXPERIAN's parent company.
The result before taxes of ITAU, arising from this sale, is
estimated at R$ 1.5 billion in the
fourth quarter of 2012.
ITAU had the financial advisory of Itau BBA S.A.
This transaction is consistent with ITAU's capital allocation to
typical banking business, which creates shareholder value.
Sao Paulo (SP), October 23, 2012.
ALFREDO EGYDIO SETUBAL
Investor Relations Officer
Itau Unibanco Holding S.A.
CNPJ 60.872.504/0001-23
A Publicly Listed Company (BM&FBovespa: ITUB4 e ITUB3) (NYSE:
ITUB)
NIRE 35300010230
Contact:
Geraldo Soares
+55-11-2794-3547