CVM Approves Cielo Takeover; Itaú, Zamp, Arezzo, and Aura Minerals With Key Changes

Itaú Unibanco announced Gabriel Amado de Moura as its new CFO, replacing Alexsandro Broedel Lopes, who leaves for opportunities abroad.

Moura joined Itaú Unibanco in 2000. He has led Itaú Chile since 2016 and became its CEO in 2020.

André Carvalho Whyte Gailey, CEO of Itaú in Uruguay, will take Moura’s position. Agustin Tafernaberry Elorza will lead operations in Uruguay.

The transition begins immediately and will conclude by October 1. XP analysts expect no strategic changes with Gabriel’s selection. He has been a partner since 2011.

CVM Approves Cielo Takeover Bid

Cielo (CIEL3) announced CVM’s approval of its public acquisition offer (OPA) on Friday. The offer aims to delist the company.

The offer comes from Quixaba Empreendimentos e Participações and BB Elo Cartões Participações.

Related entities Elo, Alelo, and Livelo are also involved. Banco Bradesco will intermediate the transaction.

Cielo stated the OPA will launch within the regulatory timeframe. Shareholders will receive updates upon the OPA notice receipt.

Zamp Proposes R$ 450 Million ($82.5 Million) Capital Increase

Zamp (ZAMP3), a fast-food chain operator, proposed a capital increase. The range is from R$ 268.9 million ($49.3 million) to R$ 450 million ($82.5 million).

This increase aims to expand operations. The proposal may lead to issuing 78.6 million to 131.6 million common shares at R$ 3.42 per share.

The funds will support the company’s growth strategy. This includes opening new Burger King locations and modernizing existing ones.

Zamp will also acquire assets related to Starbucks operations in Brazil. The capital will optimize structure and reduce leverage.

Arezzo Approves R$ 60 Million ($11.01 Million) Dividend

Arezzo (ARZZ3) approved an interim dividend distribution of R$ 60 million ($11 million). This is equivalent to R$ 0.54074303176 per share.

Shareholders registered by July 10, 2024, will receive dividends. The payment date is July 22, 2024. The shares will trade ex-dividend from July 11, 2024.

Aura Minerals Approves BDR Split

Aura Minerals (AURA33) approved a BDR split in its Sponsored Level III BDR Program. The ratio changes from 1-to-1 to 1-to-3.

Each BDR holder on July 10 will receive two additional BDRs. Three BDRs will represent one ordinary share.

Aura currently has 19,256,720 BDRs. This will increase to 57,770,160 BDRs post-split.

CVM Approves Cielo’s Delisting; Itaú, Zamp, Arezzo, and Aura Minerals With Key Changes

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