On Friday, Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB), lost -3.54% to $7.63.
The board of Itaú Unibanco Holding SA, Brazil’s largest lender by market value, has approved the buy-back of up to 11 million common shares and 55 million preferred shares, the bank said on Thursday in a securities filing, according to Reuters.
The program involves less than 10 percent of the 287,786,288 common shares and 2,921,796,086 preferred shares on the market, the bank said.
Preferred shares of Itau Unibanco closed at 28.34 reais on Thursday, up 3.54 percent, while ordinary shares ended 2.66 percent higher at 26.65 reais.
The bank declared at the end of July that it would buy back 11 million ordinary shares and 55 million preferred shares, but the offer was shut down earlier than planned. Reuters Reports
Itaú Unibanco Holding S.A. provides various financial products and services to individuals and corporate clients in Brazil and internationally. The company operates through Commercial Bank Retail, Consumer Credit Retail, and Wholesale Bank segments.
Shares of Goldcorp Inc. (NYSE:GG), inclined 2.05% to $13.96, during its last trading session.
GOLDCORP declared it has reached a contract to purchase New Gold Inc.’s (“New Gold”) (TSX: NGD, NYSE: NGD) 30% interest in the El Morro copper-gold project in Chile. Following the acquisition, Goldcorp will own 100% of the project. Under the terms of the agreement, Goldcorp will pay New Gold $90 million in cash at closing and a 4% gold stream on future gold production from El Morro. New Gold will make ongoing payments of $400 per ounce of gold delivered under the contract, subject to a 1% per annum adjustment (compounded annually, commencing on the first anniversary of the agreement) once 217,000 ounces have been delivered. At December 31, 2014, El Morro had proven and probable gold reserves of 8.92 million ounces (100% basis).
Goldcorp also declared recently that it has reached a contract with Teck Resources Limited to combine their respective interests in the El Morro and Relincho projects in Chile into a 50/50 joint venture.
Goldcorp Inc. engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America.
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