In Brazil’s bustling economic landscape, Itaú Unibanco stands tall, marking a stellar start to 2024. As the country’s and LatAm’s largest bank, Itaú posted a net profit of R$ 9.77 billion ($1.92 billion) for the first quarter. This amount signifies a robust 15.8% increase year-over-year and a 3.9% rise from the previous quarter. This financial […]
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Retail Rivalry: Unfounded Acquisition Rumors Between Grupo Mateus and Assaí
Today, Grupo Mateus firmly denied rumors of acquiring Assaí, responding to speculative reports that had emerged recently. O Globo suggested over the weekend that Grupo Mateus was preparing an offer for Assaí’s key shareholders. In their statement, Grupo Mateus focused on their original strategy to expand in Brazil’s Northeast. They emphasized their commitment, dismissing rumors […]
