Brazil Banks Lead Flow

Brazil Banks Lead Flow


Shareholders of Unibanco will receive one common share in Itaú Holding for every 1.1797 Unibanco ordinary unit and one Itaú share for every 3.4782 Unibanco preferred. Rothschild provided Unibanco with a fairness opinion while Morgan Stanley gave the same for Itaú.  Meanwhile, Brazil’s largest bank, state-owned Banco do Brasil (BdB) is heard to be in advanced talks to acquire part of Banco Votorantim. Industry executives away from the situation say BdB wanted a 49% stake in Voto with a bid heard valuing the entire institution at around $6 billion. Bradesco is also rumored to be in the running, seeking to purchase 100% of Voto, but the owning family does not wan

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