Itau Unibanco to buy stake in Cencosud credit card business for $307 mln

SANTIAGO, June 17 Mon Jun 17, 2013 5:46pm EDT

SANTIAGO, June 17 (Reuters) - Brazil's largest private-sector bank, Itau Unibanco Holding SA, will buy a 51 percent stake in Chilean retailer Cencosud's credit card business in Chile and Argentina for $307 million, the companies said on Monday.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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