BdB Bags State-Controlled Bank

BdB Bags State-Controlled Bank

M&A

Banco do Brasil has agreed to acquire Banco do Estado do Piaui, the state bank of Piaui, for BRL81.7m. BB plans to issue 2.93m shares to finance the acquisition, exchanging 1 unit for 4.60 BEP shares, and has called a shareholder meeting for November

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