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Itaú Unibanco has acquired an 11.36% equity stake in XP Inc. for approximately R$ 8 billion. This acquisition follows the previous announcement made on May 11, 2017, and received all necessary approvals. The company clarifies that this transaction will not alter the corporate governance of XP Inc. and is not expected to significantly impact Itaú Unibanco's fiscal year results. This strategic investment reflects Itaú Unibanco's commitment to expanding its market presence.
Itaú Unibanco Holding S.A. (B3: ITUB3, ITUB4; NYSE: ITUB) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the U.S. SEC. The report is accessible on the SEC's website, as well as in English and Portuguese on the Brazilian Securities and Exchange Commission's website and the Company's Investor Relations site. Shareholders can request hard copies of the audited financial statements at no cost by contacting the Investor Relations team.
Itaú Unibanco Holding S.A. has announced an investment to acquire 12.82% of Rede Agro Fidelidade e Intermediação S.A. (Orbia) through its subsidiaries. This platform, launched in 2019, is Brazil's largest agribusiness marketplace, facilitating a full digital journey for rural producers. Orbia reported R$902 million in sales for 2021 and expects to reach R$3 billion in 2022. The investment aims to enhance credit access for Orbia's customers, with the deal pending approval from Brazilian regulatory bodies.
Itaú Unibanco Holding S.A. has successfully raised R$1 billion through its first issuance of Letras Financeiras Verde, partnering with the Finance Corporation (IFC), a World Bank Group member. This marks a historic first for both Itaú and the IFC in Brazil. The funds will finance electric, hybrid, and multifuel vehicles to promote a low-carbon economy. Itaú aims to allocate R$ 400 billion by 2025 for positive impact sectors. The bank is also committed to reducing emissions by 50% by 2030 and achieving carbon neutrality by 2050.
Itaú Unibanco has entered into a joint venture agreement with TOTVS to establish TECHFIN, aimed at enhancing financial services within TOTVS's management systems. Itaú will invest R$610 million for a 50% stake, with an additional R$450 million contingent on performance targets. This partnership seeks to leverage technology and financial solutions to provide integrated services to corporate clients and supports the strategy of Open Finance. The deal awaits approvals from Brazil's antitrust authority and the Central Bank.
On February 9, 2022, Itaú Unibanco announced that it will release its 2021 financial results and provide guidance for 2022 after trading hours on February 10. The announcement will be followed by a Q&A session, featuring key speakers including CEO Milton Maluhy Filho and CFO Alexsandro Broedel. Investors can register to participate in the event or watch it live on YouTube on February 11 at 08:00 AM EST. The presentation aims to deliver updates on the company's performance and future outlook.
Itaú Unibanco will disclose its 4Q21 results on February 10th after trading hours in Brazil and the United States. The announcement will be available on the investor relations website. The company plans to present full-year 2021 results along with its 2022 guidance in a new format, followed by a Q&A session. Key speakers include CEO Milton Maluhy Filho and CFO Alexsandro Broedel. The event will take place on February 11th, 2022, at 08:00 a.m. EST in both Portuguese and English.
Itaú Unibanco has announced an agreement to acquire up to 100% of Ideal Holding Financeira over five years. The first phase involves a purchase of 50.1% for approximately R$650 million, thereby gaining control of Ideal. The second phase allows the acquisition of the remaining 49.9%. Despite this acquisition, Ideal will maintain operational independence and continue serving its clients. This strategic investment aims to enhance Itaú's investment ecosystem and access to innovative financial solutions, subject to regulatory approvals from CADE and the Central Bank of Brazil.
Itaú Unibanco Holding S.A. announced that its Board of Directors approved the payment of interest on capital as a substitute for the monthly dividend for 2022. The payment amounts to R$0.01765 per share, equivalent to a net interest of R$0.015 after a 15% withholding tax. This decision affects both common (ITUB3) and preferred (ITUB4) shares, with scheduled payments starting from February 1, 2022, and continuing through January 2023, covering monthly accruals for the entire year.
