What About Brazil » stock exchange http://www.whataboutbrazil.com We provide interesting information and news from Brazil. Learn about biodiesel, sports, culture, politics, portuguese and much more. Fri, 03 Feb 2012 21:47:17 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Banco do Brasil purchased Nossa Caixa for $ 5.38 billion http://www.whataboutbrazil.com/banco-do-brasil-purchased-nossa-caixa-for-538-billion/?utm_source=rss&utm_medium=rss&utm_campaign=banco-do-brasil-purchased-nossa-caixa-for-538-billion http://www.whataboutbrazil.com/banco-do-brasil-purchased-nossa-caixa-for-538-billion/#comments Thu, 20 Nov 2008 17:10:25 +0000 Thiago Prado http://www.whataboutbrazil.com/?p=526 Announcement was made by means of material fact to the CVM and Bovespa.
Negotiations were happening for months and were facilitated by Provisional Measure 443.

Banco do Brasil confirmed this Thursday (20) the acquisition of Nossa Caixa for U.S. $ 5.38 billion. The news was communicated through the Securities Commission (CVM) and the Stock Exchange of Sao Paulo.

The payments will be made in 18 months of $ 299.2 million starting in March 2009 – corrected by the basic interest rate.

“The value of the transaction was calculated on the basis of economic and financial assessment prepared by consultants hired by Banco do Brasil, which took into consideration, among other methods, the prospects for future profitability and cash flow of Nossa Caixa”, informed Banco do Brasil.

The sale of Nossa Caixa was preceded by meeting with the governor of Sao Paulo, Jose Serra, and President Luiz Inácio Lula da Silva, held this Wednesday (19). However, after the meeting the governor Jose Serra denied that the issues has been discussed.

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