Itaú Unibanco pays US$5.17 billion to take Redecard private

Shearman & Sterling LLP and Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados have helped Itaú Unibanco raise its stake in Redecard by 44.4 per cent through a public tender offer to non-controlling shareholders, enabling it to own nearly the totality of the credit card processor and deregister it as a publicly held company.

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