November 1, 2019 / 1:02 AM / 20 days ago

Brazil's Itau agrees to pay $143 mln for software company Zup- filing

SAO PAULO, Oct 31 (Reuters) - Brazil’s largest lender, Itau Unibanco Holding SA said in a securities filing late on Thursday the bank has acquired 51% of software company Zup IT Servicos for 293 million reais ($73 million).

Itau said will complete the acquisition of 100% of the software company, valued at 575 million reais ($143 million), in four years.

$1 = 4.0172 reais Reporting by Tatiana Bautzer; Editing by Christian Schmollinger

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