Radar > 237709

Banco Banestes and Icatu Seguros announce partnership

O Banco Banestes e a Icatu Seguros anunciam parceria

Intel ID : 237709
Synopsis

Banco Banestes (BVMF:BEES3; BEES4), a financial institution based in São Paulo, and Icatu Seguros, an insurance company based in Rio de Janeiro, announced a strategic partnership agreement, as published by Banestes through a press release on 14 June 2016.

This partnership includes marketing exclusivity for capitalization and retirement products of Icatu Seguros through Banestes sale channels, for a 20-year period.

The partner identification process, to select the most advantageous proposal for Banestes, was coordinated by Banco Brasil Plural, the advisor in this transaction.
(content in portuguese)

O Banco Banestes (BVMF:BEES3; BEES4), instituição financeira com sede em São Paulo, e a Icatu Seguros, empresa de seguros com sede no Rio de Janeiro,anunciam uma parceria estratégica, segundo publicou o Banestes em comunicado no dia 14 de junho de 2016.

A referida parceria prevê exclusividade de comercialização dos produtos de capitalização e previdência da Icatu Seguros nos canais de venda do Banestes, pelo prazo de 20 anos.

O processo de identificação dos parceiros, com vistas à seleção da proposta mais vantajosa para o Banestes, foi coordenado pelo Banco Brasil Plural que atuou com assessor da operação.

Relevant Documents

Target

Banco Banestes
Brazil

Advisors

retained

Intel ID 237709
Value ND
Native Currency British Pound (GBP)
Exchange Rate:
Financial Data - Banco Banestes
(31 Dec 2024)
Revenue: EUR 723,55m
Exchange Rate:
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Target

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

Secondary Sectors (TTRSC)
10.01.99 Other Business & Professional Support Services
10 Business Services / 10.01 Business & Professional Support Services

25.01.05 Corporate, Sovereign & Trade Finance
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Target

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.02.04 Life & Health Insurance
25 Financial Services / 25.02 Insurance

Country
Website
Description

Other

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.