Itau Unibanco weighs takeover targets abroad-CEO

SAO PAULO, Aug 17 (BestGrowthStock) – Itau Unibanco
(ITUB4.SA: )(ITUB.N: ), Brazil’s largest private-sector bank by
assets, is weighing takeover alternatives overseas, Chief
Executive Roberto Setubal told analysts on Tuesday.

The time has come for Itau Unibanco to gauge purchases
abroad now that the merger that created the bank is almost
completed, Setubal told an audience in Sao Paulo. The bank’s
international operations account for about 15.2 percent of
total assets, a number that Setubal said is “small.”

(Reporting by Elzio Barreto, Writing by Guillermo
Parra-Bernal)

Itau Unibanco weighs takeover targets abroad-CEO