It released it on the 3rd (1st.abr.br.2025) a statement to the market regarding the broadcast of news about a possible interest in the purchase of assets, which is concentrated in Rio de Janeiro and in São Paulo the financial institution says that “Always analyzes opportunities for consolidation in the financial market that can bring value to their shareholders.”
The bank states that “It will continue to keep its shareholders and the market informed about any operation that should be disclosed, pursuant to applicable legislation”. Here is (PDF – 88 kB) of the document.
The position takes place 1 day after the president of, Gabriel Galipolo, received the chairman of the board and senior partner of BTG, André Esteves, for an audience. The meeting took place on the morning of Monday (31.mar), in the headquarters building of the monetary authority, in Brasilia.
They are among the assets of the master who are part of a possible negotiation with BTG:
- precatory;
- Credit rights related to judicial proceedings; and
- investment funds in stocks of some companies in difficulty.
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BRB Purchase date
The Bank (Bank of Brasilia) on Friday (28.mar) the purchase of Banco Master. The state financial institution and belonging to the Federal District Government, based in Brasilia, states that the measure is a strategy of expansion and strengthening its position in the financial market.
In recent days, after the operation of the operation, there has been rumors in the market about the solidity of the Master Bank and the aggressive fundraising policy adopted by this institution.
The Master offers CDBs (Bank Deposit Certificates) – Fixed Income Investments – Paying High Fees, in some cases of up to 140% of the CDI (Interbancary Deposit Certificate).
These securities are secured by the FGC (Credit Guarantee Fund), which is funded by all banks and serves to protect investors up to $ 250,000.
To the Poder360the president of BRB, Paulo Henrique Costa, on Sunday (30.mar) that the agreement for the acquisition of the Master will exclude some items, as “Precatory, Credit rights related to legal proceedings and investment funds in shares of companies that are not part of the transaction perimeter ”.
This digital newspaper also asked the Executive whether the values of around R $ 2 billion at R $ 3.5 billion of the purchase of the Master. According to Costa, “It is not possible to determine, at this moment, the exact amount to be paid” by the acquisition of the Master due to steps that are still underway.
A group of 54 people right now makes a technical analysis of the operation to determine exactly the value of the operation. A process of assessing the assets and liabilities of the Master is also underway so that the real value that the institution has can be reached.
From what has been announced so far, BRB will acquire 49% of the Master’s common (vote) shares – or that would not have control – and 100% of the preferred papers, totaling 58% slice of the capital of the institution being purchased.
Otherwise
O Poder360 Contacting by phone and Whatsapp with Daniel Vorcaro, Master’s main shareholder, to ask if the institution seeks a partner to purchase assets that were left out of negotiation with BRB, but there was no response until the publication of this report.
This newspaper also sought by email and whatsapp the Master’s press office to ask the same question. There was also no answer either.
