US EditionSafra Family Reshuffles: Esther Sells Bank Shares to Brothers
3 Articles
3 Articles
Safra Family Reshuffles: Esther Sells Bank Shares to Brothers
In a significant move within Brazil’s banking dynasty, Esther Safra has sold her stake in the Safra Group to her brothers, Jacob and David. The Banco Safra announced this transaction on January 30, 2025. The deal, however, still awaits regulatory approval. Esther Safra described her decision as harmonious. She expressed confidence in her brothers’ leadership […]
The move comes after the Central Bank approved the departure of another brother, Alberto, from the group, which led to a reduction of R$6.184 billion in the bank's capital.
Safra reported this Thursday (30) that Jacob and David Safra bought the equity of their sister, Esther, in the largest family banking group in the world. Read more (01/30/2025)
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