July 1, 2022
Itaúsa agrees to split XP

Itaúsa agrees to split XP

As a result, Itaúsa became the owner, directly and indirectly, of Class A shares issued by XP, equal to 15.07% of all XP share capital and 4.74% of its voting share capital. (Photo: Itaúsa/Disclosure)

a Itaisa (ITSA4) agreed to split the post XP (XP) No Itau (ITUB4), the new company that will call XPart, shows a document sent to the market on Friday (1).

As a result, Itaúsa will directly and indirectly own the Class A shares issued by XP, equal to 15.07% of all XP share capital and 4.74% of its voting share capital.

In addition, Itaúsa and Itaú Participações have become parties to the XP Shareholders Agreement, and the terms and conditions described above have entered into force.

The expectation is an increase in profits

ETASA President Alfredo Setubal said the expectation is that ETASA will increase bonuses to shareholders in the coming years, in part due to the growth of other companies in the portfolio: Dexco (DXCO3), espadrilles (ALPA4), energy cup, Aegean, NTS e XP.

XP, by the way, is part of a long process of divestment for Itaúsa, confirmed Setubal, which will be able to use the proceeds from stock sales, including dividends for shareholders, in addition to investments.

See the document: