Barclays Scoops up Itau Unibanco Shares

Barclays has accumulated a 5.37% stake in Itau Unibanco. The UK bank now owns 111.4m shares, which means its stake was worth BRL3.07bn at yesterday’s close. The share purchase, made public through a filing with the CVM, is for investment purposes only and is not part of a broader attempt to affect the existing shareholder structure, say Barclays officials in a letter issued to the regulator.