Latest news with #BancoMasterSA
Bloomberg
3 days ago
- Business
- Bloomberg
Banco Master CEO Injects $364 Million, Easing Path to Takeover
Banco Master SA 's controlling shareholder agreed to inject 2 billion reais ($364 million) into the company in an effort to persuade regulators to approve a merger with Banco de Brasília SA, according to a person familiar with the matter. The capital increase by Chief Executive Officer Daniel Vorcaro is part of a plan negotiated between the companies and Brazil's central bank, the person said, asking not to be identified because the discussions are private.
Bloomberg
10-05-2025
- Business
- Bloomberg
Brazilian Court Lifts Block on BRB Acquisition of Banco Master
A Brazilian judge revoked a court decision that blocked the planned sale of Banco Master SA to BRB SA because of an alleged failure by the banks to comply with legal requirements for an acquisition. Federal District Judge João Egmont Leoncio Lopes ruled that there is 'no real urgency or risk of irreparable damage' to justify the decision that suspended the deal earlier this week. Lopes added that the transaction depends on prior approval from regulatory bodies.
