O had a capital reduction of R $ 6.184 billion, resulting from the departure of Alberto Safra, which occurred in July last year.
The information was disclosed now, after the Central Bank’s approval and publication in the Federal Official Gazette.
However, the bank’s partners deliberated this month a capital increase of R $ 2.7 billion, which is still awaiting approval by the Central Bank.
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Alberto Safra’s departure is linked to a family dispute for his father’s inheritance, Joseph Safra, who died in December 2020, leaving an estimated fortune of $ 23 billion.
Alberto sued his mother, Vicky, and his brothers, Jacob and David in New York, claiming that his participation in the National Bank of New York crop was unduly diluted.
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In July 2024, the Safra family announced that it had reached an agreement to end the dispute between the heirs, but did not disclose details about the terms of the agreement.
In the balance of the third quarter, Banco Safra informed that, on July 19, a contract of buying and selling shares was concluded, in which Alberto pledged to disinur his participation in Banco Safra SA
This operation was subject to certain conditions, including the approval of the BC, Susep and a corporate reorganization that would involve capital reduction.
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In a statement, Banco Safra stated that “it has been structuring its capital over the last few years, due to corporate adjustments.”