Bradesco. (Panorama: Brazil).
BRADESCO BRADESCO Banco Brasileiro de Descontos SA (Brazilian bank) , Brazil's largest private bank, acquired BBV BBV Banco Bilbao-Vizcaya BBV Black Box Voting (unsecure voting machines) BBV Blood-borne Virus BBV Blockbuster Video (store) BBV Beroepsorganisatie Banken Verzekeringen (Dutch) Banco, the Brazilian unit of Spain's Banco Bilbao Vizcaya Argentaria (BBVA BBVA Banco Bilbao Vizcaya Argentaria (First Bank of Spain) ), for approximately US$585 million. As part of the agreement, Bradesco gave BBVA in Spain a 4.5% stake in Bradesco. Bradesco also purchased the Brazilian assets of J.P. Morgan Fleming Asset Management, valued at approximately $1.93 billion.
COPYRIGHT 2003 Freedom Magazines, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
|
Reader Opinion