Itaú Unibanco Holding S.A. (BOVESPA:ITUB4) agreed to acquire a 50.1% stake in Ideal Holding Financeira S.A. from José Carlos Benfati, Vinicius Gonçalves Dalessandro, Gregorio Lara dos Santos Matai, Leandro Bolsoni, Lucas Namo Cury, Kaszek and others for approximately BRL 650 million on January 12, 2022. The transaction will be carried out if two stages: in first stage Itaú will acquire 50.1% stake upon payment of consideration and the second stage, after five years, it can use its right to purchase the remaining 49.9% of the Ideal's share capital. Nilson Monteiro, Ideal's Chief Executive Officer, will continue leading the operations with the other founding partners.

The management and conducting of Ideal's business will remain autonomous regarding Itaú, which will become another institution served by the brokerage. The completion of the transaction is subject to regulatory approvals, including approvals from CADE and the Central Bank of Brazil. Joamir Müller Romiti Alves of Pinheiro Neto Advogados acted as legal advisor to Ideal Holding Financeira S.A. Eduardo Zilberberg and Priscila Menezes of Bronstein, Zilberberg, Chueiri e Potenza acted as legal advisor to Kaszek.

As of June 30, 2022, The effective acquisitions and financial settlements will occur after the required regulatory approvals are received.