Business Insurance

Login  |  Register Subscribe



cbVid =

Brazil: Itaú Unibanco to sell high-risk corporate insurance unit

January 23, 2014 - 6:00am


Brazilian lender Itaú Unibanco Holding S.A. will put up for sale its high-risk corporate insurance unit, Reuters reported.

The disposal of the insurance unit could fetch Itaú 1 billion Brazilian reais ($424 million), Francisco Kops, analyst at Banco Safra S.A.'s brokerage unit, said. The bank said the bidding for the unit will be "competitive." The unit earns revenue of around BRL 1.7 billion annually.

Read more

 



Get our daily Global Focus newsletter
  •  



You may also want to visit

International Content