SAO PAULO, Brazil, June 26 /CNW/ --
1. Banco Itau Holding Financeira S.A. ("ITAU") announces the signing of a
Share Purchase Agreement with Experian Brasil Aquisicoes Ltda.
("EXPERIAN"), a Brazilian subsidiary of Experian Solutions, Inc.
through which ITAU undertakes to sell to EXPERIAN 832,176 shares, the
issue of Serasa S.A. ("SERASA").
2. EXPERIAN shall pay R$ 925.78 per SERASA's share acquired from ITAU.
Settlement of this operation shall take place by the end of July 2007.
3. The increase of ITAU's net income is estimated to be R$ 480 million
for the second quarter of 2007.
4. ITAU shall maintain its participation in the management of SERASA,
with a seat on the Board of Directors, together with a stake in
SERASA's capital as shown below:
Before the Transaction After the Transaction
Number of Participation in Number of Participation in
Shares Total Capital Shares Total Capital
Participation 1,215,522 32.62 % 383,346 10.29 %
Total 3,726,600 100.00 % 3,726,600 100.00 %
5. SERASA is a leading provider of analytical and information products
and services for credit and business support in all market segments,
having the largest database in Latin America on consumers, companies
and conglomerates. This leadership has been achieved as a result of
the professionalism and dedication of SERASA's management and
employees who, sponsored by its shareholders, built up a company
focused on a process of continuous improvements that have changed
into the benchmark in its sector.
6. EXPERIAN is a global leader in providing analytical and information
services to organizations and consumers to help manage the risk and
reward of commercial and financial decisions. Clients include
organizations from financial services, retail and catalog,
telecommunications, utilities, media, insurance, automotive, leisure,
e-commerce, manufacturing, property and government sectors. Experian
Group Limited is listed on the London Stock Exchange (EXPN) and is a
constituent of the FTSE 100 index. It has corporate headquarters in
Dublin, Ireland, and operational headquarters in Costa Mesa, Calif.,
and Nottingham, UK. EXPERIAN employs approximately 13,500 people in 36
countries worldwide, supporting clients in more than 60 countries.
Annual sales are US$3.5 billion.
7. The strong positioning of SERASA in the Brazilian market, in
combination with the global expertise of EXPERIAN will bring up a
significant evolution in the Brazilian credit analysis market.
8. This transaction is consistent with ITAU's capital allocation to
typical banking business, which creates shareholder value with a view
to the sustainability of the organization.
Sao Paulo, June 26, 2007
ALFREDO EGYDIO SETUBAL
Investor Relations Officer
For further information:
For further information: Alfredo Egydio Setubal, 55 11 5029 1777 Web