© Reuters. FILE PHOTO: A person is mirrored in an Itau department window in Rio de Janeiro, Brazil April 29, 2019. REUTERS/Sergio Moraes/File Picture
(Reuters) – Brazilian lender Itau Unibanco Holding SA on Tuesday bought a few of its roughly 11% stake in New York-listed dealer XP (NASDAQ:) Inc for about $154 million, Brazil Journal reported with out stating the place it obtained the data.
Itau bought 6.78 million shares at $22.65 every, a 4.4% low cost to the day’s closing value, the enterprise information web site stated with out figuring out the customer or detailing the scale of the financial institution’s remaining stake.
The report comes nearly a month after Itau denied it was in talks to promote a stake in XP to U.S. brokerage Charles Schwab (NYSE:) Corp.
Neither Itau nor XP responded to Reuters’ requests for remark.