Decision affects a deal that would create conglomerate of R $ 100 billion; Public Bank says it seeks access to the reasons for negative
The BC (Central Bank) reported on Wednesday (3.Set.2025 rejected the purchase of 49% of the common shares and 100% of Banco Master’s preferred by BRB (Bank of Brasilia). The public bank filed the acquisition request on March 28. Read the note (PDF – 145 KB).
BRB requested access to the full decision of the BC to evaluate the foundations of negative and examine appropriate alternatives. The institution stated that the transaction represents a “Strategic opportunity with value generation potential” For the bank, customers and the national financial system.
The operation would create a conglomerate with approximately $ 100 billion in assets. BRB had established the Master’s starting asset at about R $ 24 billion R $ 51.2 billion considered problematic.
The agreement stated that BRB would assume effective control even without a majority majority, with current Master owners losing political powers and participation in management.
The operation had already received CADE’s consent in June and the DF government the operation in August.
The business plan estimated to add R $ 1.5 billion to the BRB result in five -year, with net profit projection of R $ 2.7 billion in 2029. The price would be 75% of Master’s consolidated equity.
The BC’s negative coincides with movement in Congress to change the law of autonomy of the monetary authority, sanctioned in 2021.
7 deputies want to create a fifth possibility of dismissal for president and directors of the BC: conducting activities in a “Incompatible with national interests”.
Currently, dismissal can only occur by own request, disabling disease, conviction for misconduct or “Insufficient performance to achieve the Central Bank objectives”. The project is pending without rapporteur in the House. .
