Bras\u00edlia \u2013 The Bank of Brazil (BB) has confirmed that it is negotiating the purchase of a small United States-based bank. In a communiqu\u00e9 sent to the S\u00e3o Paulo Stock Exchange today (11th), the bank announced its interest in Eurobank, an institution that owns three agencies in the state of Fl\u00f3rida.<\/p>\n
The communiqu\u00e9 does not disclose what stage the negotiation process is in. According to the communiqu\u00e9, progress will be reported to the market as it occurs. Last Wednesday (6th), the chairman at Bank of Brazil, Aldemir Bendine, had stated that negotiations were at an advanced stage and that signatures were being collected. Nonetheless, he withheld the name of the institution targeted by the deal.<\/p>\n
The negotiation for purchase of the EuroBank is taking place a week after the Secretariat for Domestic Trade of Argentina approved the BB’s purchase of a 51% stake in Banco Patagonia, the sixth largest in the country. Pending approval from Argentinean authorities was the last legal obstacle preventing the deal, which was announced in April last year and is worth US$ 479.6 million.<\/p>\n
The BB also intends to operate out of Africa. Last year, the financial institution announced a partnership with (Brazilian bank) Bradesco and Banco Esp\u00edrito Santo (BES, from Portugal) to establish a commercial bank in the continent.<\/p>\n
*Translated by Gabriel Pomerancblum<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
This Monday, the Brazilian institution sent the S\u00e3o Paulo Stock Exchange a communiqu\u00e9 informing that it is negotiating the purchase of Eurobank, an institution that owns three branches in Florida.<\/p>\n","protected":false},"author":2315,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-37801","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"This Monday, the Brazilian institution sent the S\u00e3o Paulo Stock Exchange a communiqu\u00e9 informing that it is negotiating the purchase of Eurobank, an institution that owns three branches in Florida.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/37801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=37801"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/37801\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=37801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=37801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=37801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}