August 14, 2020 |
Brazilian federal savings bank Caixa Econômica Federal is evaluating the sale of preferred shares in Banco Pan while holding on to common shares, according to a securities filings on Thursday.
Caixapar, the bank's investments division, is analyzing a possible deal, but it still needs approval and "remains subject to the conditions Brazilian and international capital markets," Banco Pan said in the filing.
BTG Pactual, Credit Suisse, Banco Itaú and Caixa itself will coordinate the offering for Ca
Brazilian federal savings bank could cash in preferred shares in the mid-sized lender, but retain common shares