Radar > 230196

Haitong International to invest and increase stake in Banco Espírito Santo de Investimento do Brasil

Haitong International deverá realizar aporte de capital e ampliar participação no Banco Espírito Santo de Investimento do Brasil

Intel ID : 230196
Synopsis

Haitong International (SHE:600837; HKE:6837), based in Hong Kong, is planning an investment in Banco Espírito Santo de Investimento do Brasil, a company indirectly controlled by Espírito Santo Investment - BESI, as published by Valor Econômico on 6 October 2015, citing its president for the Americas and Europe, José Maria Ricciardi.

Banco Espírito Santo de Investimento do Brasil, is held by Espírito Santo Investment - BESI with 80% and by Banco Bradesco with 20%. According to the news, this new investment is part of actions planned by Haitong to boost the growth of its Brazilian subsidiary, in the middle of an economic recession that is influencing investment banks to rethink their strategies in Brazil.

According to José Maria Ricciardi, "We don't have an opportunistic vision in our business. We do not enter the Brazilian market when things are good and leave when things get rough".
(content in portuguese)

O banco Haitong International (SHE:600837; HKE:6837), com sede em Hong Kong, deverá realizar um aporte de capital no Banco Espírito Santo de Investimento do Brasil, empresa controlada indiretamente através do Espírito Santo Investment - BESI, segundo publicou o Valor Econômico em 6 de outubro de 2015, citando ao Presidente do Haitong nas Américas e Europa, José Maria Ricciardi.

O Banco Espírito Santo de Investimento do Brasil, detido em 80% pelo Espírito Santo Investment - BESI e em 20% pelo Banco Bradesco, esse novo aporte faz parte de uma série de ações que o grupo chinês planeja levar adiante para fazer a filial brasileira crescer, mesmo em meio ao processo de recessão que tem feito bancos de investimento repensarem a continuidade de suas estruturas no país, de acordo com a notícia.

Segundo o Executivo, "Nós não temos uma visão oportunista do nosso negócio. Nós não vamos ao Brasil quando as coisas estão boas e saímos do país quando as coisas pioram".

Intel ID 230196
Value ND
Native Currency Brazilian Real (BRL)
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Bidder

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Country
Website
Description

Target

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.08 Investment Banking & Brokerage Services
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

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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.