ITAÚ UNIBANCO - MATERIAL FACT - SETTLEMENT AGREEMENT WITH THE GOVERNMENT OF THE STATE OF PARANÁ
SÃO PAULO, April 11, 2023 /PRNewswire/ -- Itaú Unibanco Holding S.A. informs its stockholders and the market that its controlled company Itaú Unibanco S.A. entered into a settlement agreement yesterday with the Government of the State of Paraná, in the context of a legal claim, which settlement agreement is subject to ratification by the Brazilian Supreme Court, pursuant to which Itaú Unibanco S.A. will receive R$1.7 billion regarding debt owed by the State of Paraná for more than 20 years, which debt is guaranteed by shares issued by Companhia Paranaense de Energia – COPEL ("COPEL").
The amount will be paid in 3 installments during the next 2 years, and upon such payments, Itaú Unibanco S