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On July 29, the Itaú group (the largest bank in the southern hemisphere, operating in 19 countries throughout the Americas, Asia, Middle East and Europe), through two Brazilian subsidiaries, signed a Stock Purchase Agreement to acquire 100% of the shares of Verbank Securities Casa de Bolsa SA

The amount of the transaction is confidential.

With this acquisition, the Itaú group lands on the Paraguayan stock market, which will mean a great stimulus for this market that has shown a significant growth.

The BKM | Berkemeyer team, led by Manuel Arias, specialist in charge of the Banking, Financial and Capital Markets Law area, and associates Paola Sapienza, Cecilia Vera and Verónica Recalde, acted as legal advisers to the Itaú group in this transaction.