BRB Rescue Lands on Brasília’s Books: District Must Find R$5.3 Billion to Keep Control of Its State-Owned Bank
Source ↗
👁 0
💬 0
Key Points —BRB shareholders approved a capital hike of up to R$8.8 billion (about US$1.76 billion) on April 22 — the BRB rescue capital increase is the largest recapitalisation of a Brazilian state-owned bank in more than two decades, triggered by the Banco Master scandal losses. —The Federal District government, which owns 53.71% of BRB, […]
The post BRB Rescue Lands on Brasília’s Books: District Must Find R$5.3 Billion to Keep Control of Its State-Owned Bank appeared first on The Rio Times.
The post BRB Rescue Lands on Brasília’s Books: District Must Find R$5.3 Billion to Keep Control of Its State-Owned Bank appeared first on The Rio Times.
Comments (0)