Banco Do Brasil (BBAS3) Prepares IPO of Two Companies in the Group; BB Seguridade Is Not for Sale, Says CFO – Money Times
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4 Articles
The president of Banco do Brasil, Tarciana Medeiros, assured that BB Seguridade is not for sale. In the midst of restrictions on the bank's capital, analysts have come up with the possibility of BB reducing its share in the insurance company, but the management of the bank today ruled out this alternative. Exclusive material for subscribers. To have full access, access the link of the subject and register.
Tarciana Medeiros says BB Security will not be sold for immediate capital reinforcement; bank seeks alternatives and IPOs
Bank of Brazil executives consider that sale would be a short-term solution and that would affect the bank's profitability
Banco do Brasil (BBAS3) has two companies from its mature conglomerate to open up capital and intends to sell a portion of its stake in the companies when there is a favorable window in the market, said the Vice President of Financial Management and Investor Relations of BB, Marco Joronne Tobias, in a collective interview on Thursday (12). The [...]
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