The president of Itaúsa, Alfredo Setubal, said this Tuesday (15) that the uncertain environment expected for the country in 2022, with elections and weak economic growth, may open up good business opportunities for investors who have a vision of long term.
“Itausa is a long-term investor. Crises are signs of opportunities. We remain very attentive to opportunities that may arise,” said Setubal, commenting on Itaúsa’s results for the fourth quarter and for the consolidated year of 2021 released on Monday. fair (14).
With stakes in companies such as Itaú Unibanco, Alpargatas, Dexco and Aegea Saneamento, the holding company Itaúsa reported recurring net income of R$12.1 billion last year, which represents a growth of 68% compared to 2020.
“We here in Brazil are used to the volatility of the economy, with the volatility of politics, that’s all part of it. But when you operate in a long-term perspective, this is all diluted in time, which gives us peace of mind to take advantage of this moment to seek new alternatives and new investments”, added the executive.
According to Setubal, businesses in the health and renewable energy areas have been evaluated by Itaúsa.
“Health is a sector that we would like to invest in, but the fact is that until today everything that we have studied, for various reasons, we ended up not making the investment”, said the executive.
Setubal also said that the sale of the stake held in XP close to 13.5% is on Itaúsa’s radar. In December, the holding sold a 1.39% stake in the investment platform, raising around R$1.2 billion.
“Itausa continues to consider XP a non-strategic investment. And we will be waiting for opportunities so that we can eventually sell it if we have a good use for these resources”, said the president of Itaúsa.
“We have an idea that, over the next few years, as opportunities appear, that we will reduce this share, but we do not have a fixed sales schedule. It will depend a lot on the opportunity we have to use these resources from eventual sales for new investments, debt amortization, distribution of dividends and interest on capital”, stated Setubal.
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