Central Bank approves the departure of Itaú Unibanco from the XP administration

The Central Bank has authorized a change of company linked to the banking conglomerate Itaú Unibanco. Photo: Marcello Casal Jr / Agência Brasil

The Central Bank announced on Tuesday (27) that it was authorizing the change of company linked to the banking conglomerate Itaú Unibanco and XP Inc, a Brazilian investment management company. According to the agency, the change involves the transfer of XP shares that belonged to the bank to XPPart, a new company in the Itaú economic group, which however does not belong to the banking conglomerate. “XPart, in turn, becomes a party to the shareholders’ pact with XP, with the same rights and obligations previously attributed to Itaú Unibanco, so that the banking conglomerate Itaú Unibanco no longer participates in the administration of XP”, indicates the central bank note.

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