Itaú/Unibanco banking merger gets green light from CADE

The merger between Itaú and Unibanco (AC# 08012.011303/2008-96) creating the largest private financial conglomerate in Brazil was unconditionally cleared by CADE., following favorable opinions from SEAE/SDE and from the Brazilian Central Bank.

The Reporting Commissioner Fernando Furlan considered that there is strong rivalry in the Brazilian financial market, especially from the state-owned banks who incentive efficiency and competitiveness.

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