SAO PAULO, May 27 /PRNewswire-Asia/ -- Itausa - Investimentos Itau S.A. ("Itausa") (BM&FBOVESPA: ITSA3.SA; ITSA4.SA), in connection with the Material Fact issued on May 18, 2010, announces that the price per American Depositary Share - ADS to be sold by Bank of America Corporation ("BAC") in the secondary offer mentioned therein has been established on the date hereof. As a result thereof and subject to the sale and purchase agreement executed between Itausa and BAC on May 18, 2010, Itausa will pay to BAC US$ 903,620,784 in connection with the acquisition of 56,476,299 common shares issued by Itau Unibanco Holding S.A. ("Itau Unibanco").
As a result of the acquisition of such 56,476,299 common shares, the total direct and indirect stake held by Itausa in the total capital stock of Itau Unibanco will increase from 35.43% to 36.68%.
This transaction is consistent with the use of Itausa's resources on businesses that create value to its stockholders and confirm the company's reliance in the future of Brazil.
For more information, please contact:
Itausa - Investimentos Itau S.A.
Henri Penchas
Investor Relations Officer
Tel: +55-11-5019-1549
Email: VInvestor.relations@itausa.com.br
