Brazil’s Itau Unibanco buys stake in agribusiness marketplace Orbia
5:29 pm Monday, April 18th, 2022
(Reuters) – Brazilian lender Itau Unibanco said on Monday it has reached a deal to acquire a 12.82% stake in the agribusiness marketplace Orbia, formally known as Rede Agro Fidelidade e Intermediacao.
In its securities filing, the bank said that Orbia, of which Bayer AG and Yara Brazil Fertilizantes are also shareholders, is a digital platform that offers services to rural producers, allowing Itau “to offer credit solutions to Orbia’s customer base more efficiently.”
(Reporting by Carolina Pulice; editing by Jonathan Oatis)
