Milano, 12 March 2002
IntesaBci's Executive Committee met today and favourably acknowledged Banco Itaù SA's irrevocable offer for the purchase of 94.57% of the capital of Banco Sudameris Brasil (held by IntesaBci's subsidiary Banque Sudameris SA of Paris) at a final purchase price which is the sum of the 31st December 2001 adjusted book value of Banco Sudameris Brasil plus a fixed goodwill component of USD 925 million.
As of 31st December 2001, the unadjusted book value of 94.57% of the capital of Banco Sudameris Brasil was approximately €590m.
At the same date, this share interest in Banco Sudameris Brasil had a carrying value of approximately €890m on the balance sheet of Banque Sudameris SA (Paris) and approximately €560m on the consolidated balance sheet of IntesaBci, since exchange and consolidation differences have been charged to the consolidated shareholders' equity.
Intesabci’s executive committee favourably acknowledges Banco Itaù’s offer
Last updated 12 March 2002 at 12:21