Ordinary papers (BSLi3) rose up to 99.78% at the maximum of the day; Banco Master had a meeting in the Central Bank
The Bank’s shares (Bank of Brasilia) fired this Thursday (1st.abr.2025), the 2nd day followed by discharge after the announcement of purchase of, concentrated in Rio de Janeiro and São Paulo. At 1:30 pm, ordinary papers (BSLI3) were up 17.98%at R $ 16.21. Already the preferred (BSLi4) rose 20.38%, at R $ 15.65.
The ordinary actions rose until 99.78% at the maximum of the day. Preferential, 88.46%. The president of the Master Bank, Daniel Vorcaro, had a meeting on Tuesday (1st.abr) with the president of (Central Bank), Gabriel Galipolo.
The monetary authority of the Banco Master purchase order by BRB. The Board of Directors of BRB unanimously the acquisition. It bought 49% of the Master Bank’s common shares, 100% of preferred shares and 58% of the total capital of the financial institution. The Central Bank and Cade (Administrative Council for Economic Defense) must rather approve the acquisition.
The governor of the Federal District, (MDB), that the purchase of the Master Bank will increase the dividends paid to the Federal District government, bank controller, from $ 200 million to $ 1 billion in 2025.
BRB President Paulo Henrique Costa, Poder360that BRB was no longer a bank that worked only in the Federal District and in payroll loans.
“This strategy of growth, diversification, searching for a complete, competitive, modern and innovative bank, aims to improve the service we render to our customers, the impact we generate on society and the profitability we generate for our shareholders”He said.
The acquisition price is 75% of the consolidated equity of Banco Master, calculated according to the audited financial statements, adjusted by any assets or recognition of balance sheet.
Payment will be made as follows:
- 50% of cash value on the operation date of the operation;
- 25% to 50% to be determined until the Bank’s Diligence is completed by BRB and deposited in an account escrow for the purpose of guaranteeing compensation obligations;
- An eventual remaining amount will be paid on the 2nd anniversary of the operation’s closing date.
According to Central Bank data, BRB ended last year with 7.75 million banking customers. The Master Bank was 10.29 million.
