MILAN, April 16 Italy's UBI Banca has agreed to sell Aviva a further 30 percent stake in two life bancassurance ventures, previously jointly controlled, and buy back from the British insurer minority stakes in three of its bank units.
The Italian bank said on Wednesday it would pay 327 million euros ($452 million) to repurchase minority stakes held by Aviva Holding Italia in Banca Popolare Commercio e Industria, Popolare di Ancona and Banca Carime. ($1 = 0.7234 Euros) (Reporting by Lisa Jucca; Editing by Erica Billingham)
Itaú's Setubal sees high growth at Brazil's XP
SAO PAULO, June 24 The price that Itaú Unibanco Holding SA paid for a minority stake in Brazilian independent securities firm XP Investimentos SA embeds "very high growth rates" ahead, co-Chairman Roberto Setubal said on Saturday.