Advertisement
Canada markets open in 6 hours 16 minutes

  • S&P/TSX

    21,873.72
    -138.00 (-0.63%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • CAD/USD

    0.7307
    +0.0010 (+0.13%)
     

  • CRUDE OIL

    83.06
    +0.25 (+0.30%)
     

  • Bitcoin CAD

    88,004.89
    -3,441.95 (-3.76%)
     

  • CMC Crypto 200

    1,389.96
    +7.39 (+0.53%)
     

  • GOLD FUTURES

    2,333.70
    -4.70 (-0.20%)
     

  • RUSSELL 2000

    1,995.43
    -7.22 (-0.36%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • NASDAQ futures

    17,457.50
    -207.00 (-1.17%)
     

  • VOLATILITY

    15.97
    0.00 (0.00%)
     

  • FTSE

    8,040.38
    0.00 (0.00%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • CAD/EUR

    0.6819
    0.0000 (0.00%)
     

UPDATE 1-Brazil's Itausa mulls investments in agribusiness, renewable energy

Aluisio Alves
·1 min read

(Adds CEO comments on XP stake)

By Aluisio Alves

SAO PAULO, Aug 10 (Reuters) - Brazilian investment holding Itaúsa, main shareholder in Itau Unibanco Holding SA is open to expanding its investment portfolio to renewable energy and agribusiness companies, Chief Executive Alfredo Setubal said.

The CEO told a press conference Itausa is considering investing in utilities other than water and sewage. Itausa is one of investors in Aegea, which recently acquired two of the four regions of Rio de Janeiro's water and sewage service in a privatization auction.

Itausa has invested 2.6 billion reais ($500 million) in Aegea.

ADVERTISEMENT

Setubal expects a shareholder vote on the incorporation by digital broker XP Inc. of holding company XP Part. "XP is not an strategic asset to Itausa, but that does not mean we want to sell the stake", Setubal said.

He added that even if Itausa decides to divest, it will not be in an "abrupt matter".

($1 = 5.2031 reais) (Reporting by Aluísio Alves; Editing by David Gregorio)