MEDIA RELEASE PR39722
Itausa Announces American Depositary Share Material Fact
SAO PAULO, May 27 /PRNewswire-AsiaNet/ --
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.
Itausa - Investimentos Itau S.A.
Henri Penchas
Investor Relations Officer
+55(11)5019-1549
Investor.relations@itausa.com.br
SOURCE: Itausa
CONTACT: Henri Penchas,
Itausa Investor Relations Officer,
+55-11-5019-1549,
Investor.relations@itausa.com.br
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