As of 8:04 PM 05/24/13 All times are local (Market data is delayed by at least 15 minutes).
Itau%20Unibanco%20Holding%20S.A.%20%28BOVESPA%3AITUB4%29%20signed%20a%20shares%20and%20quotas%20purchase%20agreement%20to%20acquire%20Banco%20Citicard%20S.A.%20and%20Citifinancial%20Promotora%20de%20Neg%F3cios%20e%20Cobran%E7a%20Ltda.%20from%20Banco%20Citibank%20S.A.%20for%20approximately%20BRL%202.8%20billion%20in%20cash%20on%20May%2014%2C%202013.%20The%20transaction%20includes%2096%20Credicard%20stores%2C%20approximately%20%243.260%20billion%20in%20consumer%20loan%20balances%20as%20of%20December%2031%2C%202012%20and%20the%20portfolios%20of%20Credicard-branded%20credit%20cards%2C%20as%20well%20as%20a%20personal%20loan%20portfolio.%20The%20transaction%20does%20not%20include%20Corporate%20cards%2C%20the%20Citi%20and%20Diners%20branded%20portfolios%2C%20and%20the%20Credicard%20Platinum%20portfolio%20%28except%20for%20Exclusive%29%2C%20or%20Credicard%20American%20Airlines%20cards%2C%20which%20will%20be%20migrated%20to%20the%20Citi%20brand%20and%20will%20continue%20to%20be%20managed%20by%20Citi.%20Citibank%27s%20retail%20branch%20network%20will%20not%20be%20affected%20by%20this%20transaction.%20The%20transaction%20is%20subject%20to%20approval%20by%20Brazilian%20regulatory%20authorities.%20The%20transaction%20is%20expected%20to%20generate%20a%20gain%20on%20the%20sale%20of%20approximately%20BRL%20602.35%20million%20%28%24300%20milliom%29%20after-tax%20BRL%200.2%20cents%20per%20share%20%28%240.10%20cents%20per%20share%29%20at%20closing.%20Cleary%2C%20Gottlieb%2C%20Steen%20%26%20Hamilton%20acted%20as%20legal%20advisor%20for%20Itau%20Unibanco.%20Citi%20acted%20as%20the%20financial%20advisor%20to%20Citibank.%20The%20conversions%20were%20done%20through%20www.oanda.com%20as%20on%20May%2014%2C%202013.
Itau%20Unibanco%20Holding%20S.A.%20%28BOVESPA%3AITUB4%29%20signed%20a%20shares%20and%20quotas%20purchase%20agreement%20to%20acquire%20Banco%20Citicard%20S.A.%20and%20Citifinancial%20Promotora%20de%20Neg%F3cios%20e%20Cobran%E7a%20Ltda.%20from%20Banco%20Citibank%20S.A.%20for%20approximately%20BRL%202.8%20billion%20in%20cash%20on%20May%2014%2C%202013.%20The%20transaction%20includes%2096%20Credicard%20stores%2C%20approximately%20%243.260%20billion%20in%20consumer%20loan%20balances%20as%20of%20December%2031%2C%202012%20and%20the%20portfolios%20of%20Credicard-branded%20credit%20cards%2C%20as%20well%20as%20a%20personal%20loan%20portfolio.%20The%20transaction%20does%20not%20include%20Corporate%20cards%2C%20the%20Citi%20and%20Diners%20branded%20portfolios%2C%20and%20the%20Credicard%20Platinum%20portfolio%20%28except%20for%20Exclusive%29%2C%20or%20Credicard%20American%20Airlines%20cards%2C%20which%20will%20be%20migrated%20to%20the%20Citi%20brand%20and%20will%20continue%20to%20be%20managed%20by%20Citi.%20Citibank%27s%20retail%20branch%20network%20will%20not%20be%20affected%20by%20this%20transaction.%20The%20transaction%20is%20subject%20to%20approval%20by%20Brazilian%20regulatory%20authorities.%20The%20transaction%20is%20expected%20to%20generate%20a%20gain%20on%20the%20sale%20of%20approximately%20BRL%20602.35%20million%20%28%24300%20milliom%29%20after-tax%20BRL%200.2%20cents%20per%20share%20%28%240.10%20cents%20per%20share%29%20at%20closing.%20Cleary%2C%20Gottlieb%2C%20Steen%20%26%20Hamilton%20acted%20as%20legal%20advisor%20for%20Itau%20Unibanco.%20Citi%20acted%20as%20the%20financial%20advisor%20to%20Citibank.%20The%20conversions%20were%20done%20through%20www.oanda.com%20as%20on%20May%2014%2C%202013.
Itau%20Unibanco%20Holding%20S.A.%20%28BOVESPA%3AITUB4%29%20signed%20an%20addendum%20agreement%20to%20acquire%20the%20remaining%2050%25%20stake%20in%20Luizacred%20S.A.%20Sociedade%20Cr%E9dito%20Financiamento%20Investimento%20from%20Magazine%20Luiza%20S/A%20%28BOVESPA%3AMGLU3%29%20on%20February%2022%2C%202013.%20Under%20the%20terms%20of%20the%20agreement%2C%20Magazine%20will%20transfer%20credit%20card%20issue%20activities%20and%20related%20assets%20and%20liabilities%20of%20Luizacred%20to%20Itau.%20Magazine%20will%20receive%2050%25%20of%20credit%20card%20unit%20Cart%E3o%20Luiza%u2019s%20results%20by%20way%20of%20profit-sharing%2C%20maintaining%20its%20stake%20too.%20Direct%20consumer%20credit%20and%20personal%20loans%20will%20continue%20to%20be%20run%20by%20Luizacred%20within%20the%20existing%20joint%20venture%20agreement%20with%20Itau.
Itau%20Unibanco%20Holding%20S.A.%20%28BOVESPA%3AITUB4%29%20signed%20an%20addendum%20agreement%20to%20acquire%20the%20remaining%2050%25%20stake%20in%20Luizacred%20S.A.%20Sociedade%20Cr%E9dito%20Financiamento%20Investimento%20from%20Magazine%20Luiza%20S/A%20%28BOVESPA%3AMGLU3%29%20on%20February%2022%2C%202013.%20Under%20the%20terms%20of%20the%20agreement%2C%20Magazine%20will%20transfer%20credit%20card%20issue%20activities%20and%20related%20assets%20and%20liabilities%20of%20Luizacred%20to%20Itau.%20Magazine%20will%20receive%2050%25%20of%20credit%20card%20unit%20Cart%E3o%20Luiza%u2019s%20results%20by%20way%20of%20profit-sharing%2C%20maintaining%20its%20stake%20too.%20Direct%20consumer%20credit%20and%20personal%20loans%20will%20continue%20to%20be%20run%20by%20Luizacred%20within%20the%20existing%20joint%20venture%20agreement%20with%20Itau.
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Date Range for Stats (05/25/2013 to 05/25/2013)
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0 Number of Dividends Paid$0.00 Dividends Paid Per Period |
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