Brazil's Itaú gets central bank nod for $3.7 bln capital plan
SAO PAULO, Sept 29 (Reuters) - Itaú Unibanco Hodling SA has received regulatory approval for a planned 12 billion-real ($3.7 billion) capital injection aimed at strengthening the balance sheet of Brazil's largest bank by market value.
In a Thursday securities filing, Itaú said the central bank, Brazil's watchdog for the banking industry, gave the go-ahead for the plan that includes giving an extra share per every 10 held by investors. No timetable for the transaction was unveiled in the filing.
($1 = 3.2592 Brazilian reais) (Reporting by Guillermo Parra-Bernal; Editing by Peter Cooney)
© Thomson Reuters 2016 All rights reserved.