São Paulo’s Citi to host Davos Forum research unit

The secondary share offering of Banco do Brasil, currently expected to take place by early October, could be as big as R$8 billion considering the closing price on Thursday of R$46.65. In addition to shares held by FI-FGTS, the investment vehicle of the Workers’ Severance Fund, and anything beyond what the federal government needs to control the lender, BB is even considering the sale of shares held in treasury, Valor confirmed with three sources familiar with the matter. Selling the latter lot requires board approval, however.

Source: Valor Econômico