Brazil's biggest exporters, including Vale SA and Suzano SA, are demanding 19 billion reais ($3.77 billion) from a series of foreign and domestic banks in a lawsuit accusing them of manipulating foreign exchange rates, according to court documents reviewed by Reuters. Exporters' association AEB, which had initially filed the lawsuit in 2018 without specifying damages, said Brazilian exporters suffered 107.4 billion reais in losses from banks' alleged manipulation of currencies between 2010 and 2011. AEB's compensation calculations took into consideration that the association represents 20% of Brazilian exporters.
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In accordance with paragraph 4 of Article 157 of Law No. 6,404/1976 and CVM Instruction No. 358/02, Itaú Unibanco Holding S.A ("Itaú Unibanco" or "Company") informs its stockholders and the general market that, in line with the Material Facts disclosed on November 3 and 26, December 31, 2020 and January 31, 2021, the controlling stockholders of the Company, Itaúsa S.A. ("Itaúsa") and IUPAR – Itaú Unibanco Participações S.A., obtained on May 28, 2021, the favorable approval of the Federal Reserve Board ("FED") for the corporate restructuring aimed at segregating the Itaú Unibanco Conglomerate's business line in connection with the equity interest in XP Inc. ("XP"), a company incorporated in the Cayman Islands and listed on Nasdaq, represented by two hundred twenty-six million, five hundred twenty-three thousand, three hundred and four (226,523,304) shares issued by XP, equivalent, as of September 30, 2020, to 41.05% of the capital of the latter, to be transferred to the new company named XPart S.A. ("XPart"), as approved by Itaú Unibanco's Extraordinary General Stockholders' Meeting as of January 31, de 2021.