NEWS FROM THE STANDARD |
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AOL Lat Am Surpasses Estimates
May 08 2001 09:50 AM PDT
PROFILE |
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In addition to being one of Brazil's largest private conglomerates, with more than 100 companies, Investimentos Itau (Itausa) has a financial arm that includes the country's second-largest bank (Banco Itau), a major insurance company, and various credit card, brokerage, and private pension management firms. Other business segments include building materials (bathroom fixtures and wood products), chemicals, electronic products, and real estate. Itausa also sponsors a number of social and cultural foundations. The company plans to build several facilities in Sao Paolo state's new Planalto Paulinia petrochemical complex, a joint venture between state-owned oil company Petrobas and OPP Petroquimica (thermoplastics).
COMPETITION |
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Banco Bradesco S.A. (BBQCY)
Banco do Brasil S.A. (BBAS)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 8,912.00
1-Yr. Sales Growth: (7.3)%
Employees: 58,850
Revenue per employee: $151,435.85
KEY PEOPLE |
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Roberto Egydio Setubal
CEO
Henri Penchas
CFO
CONTACT INFO |
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Praça Alfredo Egydio de Souza Aranha, 100 Torre Itaúsa
CEP 04344-902 São Paulo, Brazil
Phone: 55-11-5582-1677
Fax: 55-11-5582-1114
Online: Web Site
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