Bloomberg News

Itau Unibanco Says It’s Not in Talks to Buy HSBC Brazil Assets

October 13, 2011

Oct. 13 (Bloomberg) -- Itau Unibanco Holding SA said it’s not in talks to buy HSBC Holdings Plc. assets in Brazil, according to a regulatory filing.

The Sao Paulo-based bank said it’s “always” considering options to expand its business and that it immediately announces material facts to the market.

To contact the reporter on this story: Adriana Brasileiro in Rio de Janeiro at abrasileiro@bloomberg.net

To contact the editor responsible for this story: Adriana Chiarini at achiarini4@bloomberg.net


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