Radar > 232747

Banco do Brasil and Banco Bradesco possibly negotiating acquisition of 49% of Elavon

Banco do Brasil e Banco Bradesco estaria negociando a aquisição de 49% da Elavon

Intel ID : 232747
Synopsis

Banco do Brasil (BVMF:BBAS3) and Banco Bradesco (BVMF:BBDC3,BBDC4;NYSE:BBD,BBDO) could be negotiating the acquisition of a 49% stake in US-based Elavon, held by US-based Citigroup (NYSE:C), as published by Exame on 9 January 2016.

According to the news, these talks are advanced and one of the options is the acquisition of 100% stake in Elavon in Brazil, by the Brazilian banks.

Citigroup could be selling this stake since November 2015. (see related intel)
(content in portuguese)

O Banco do Brasil (BVMF:BBAS3) e o Banco Bradesco (BVMF:BBDC3,BBDC4;NYSE:BBD,BBDO), estariam negociando a aquisição de uma participação de 49% na norte-americana Elavon que pertence à norte-americana Citigroup (NYSE:C), segundo publicou a Exame em 9 de janeiro de 2016.

De acordo com a notícia, as conversas estariam avançadas e uma das opções em estudo é a compra de todo o negócio no Brasil da Elavon pelos bancos brasileiros.

O Citigroup (NYSE:C) estaria tentando vender essa porcentagem desde novembro de 2015. (ver Intel relacionado)

Target

United States

Seller

Citigroup
United States

Intel ID 232747
Value ND
Native Currency Brazilian Real (BRL)
Exchange Rate:
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

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

Secondary Sectors (TTRSC)
10.01.01 BPO/Outsource Services
10 Business Services / 10.01 Business & Professional Support Services

Country
Website
Description

Bidder

Name
potential
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)
25.04.99 Other Financial Services
25 Financial Services / 25.04 Other Financial Services

Country
Website
Description

Target

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.04.04 Payments & Remittance Services
25 Financial Services / 25.04 Other Financial Services

Country
Website
Description

Seller

Name
potential
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)
25.01.01 Asset Management
25 Financial Services / 25.01 Banking & Investment

25.01.04 Consumer Finance
25 Financial Services / 25.01 Banking & Investment

25.01.08 Investment Banking & Brokerage Services
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    

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.