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CADE clears Itaú Unibanco-XP deal with conditions

( March 14, 2018, 16:23 GMT | Official Statement) -- MLex Summary: Itaú Unibanco's planned purchase of a stake in broker XP Investimentos was approved today under a settlement agreement to address the Tribunal of the Brazilian competition authority's concerns about barriers to entry. Remedies include a prohibition against XP adopting exclusive relationships with customers, and a prohibition against Itaú participating in any decisions on inclusion or exclusion of customers from XP’s platform.CADE statement follows in Portuguese....

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