Over the past years, Itaúsa has stepped up the revision of its business portfolio to keep attractive long-term returns, risk control, profitability and cash flow growth, thus maximizing the creation of value to stockholders.
Accordingly, the characteristics of Itaúsa’s capital, reputation and financial capacity are features that foster its attractiveness to investment banks and strategic partners.
This active portfolio management has resulted in the assessment of several projects in recent years, some of them with the execution of non-disclosure agreements, others with the execution of deals, the most recent of which involved NTS, Alpargatas, Copa Energia and Aegea Saneamento. Additionally, it is worth mentioning some changes made in the investment portfolio in 2018, which resulted in Itaúsa leaving the chemical, commercial and banking automation, and technology services areas by completing the sale of the ownership interest held in Elekeiroz and the sale of the remaining interest indirectly held in Oki Brazil through Itautec.
Through its portfolio management, Itaúsa guides the investee’s strategic, financial and social decision making and, simultaneously, shares its governance culture, ethical values, attention to risk management, appreciation of professionals, discipline in capital allocation and focus on long-term value creation, as well as its E&S engagement.