Mergers & Acquisitions Mergers & Acquisitions

Itaú-Totvs joint venture unconditionally cleared in Brazil

By Ana Paula Candil and Paula Mariane
  • 14 Oct 2022 15:10
  • 14 Oct 2022 15:23
Brazil-based bank Itaú Unibanco and software firm Totvs have received a Brazilian antitrust nod, without conditions, to operate a digital platform of financial services focused on small and medium-sized companies.

To form the joint venture, Itaú is planning to acquire a 50 percent stake in Totvs’ holding company Totvs Techfin and Totvs’ Supplier,

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