Banco Bradesco SA (BBDC4) is close to buying a stake in the Brazilian unit of rival Santander SA, O Globo reported, without saying where it obtained the information.
Bradesco declined to comment, according to a press officer, who asked not to be identified because of internal policy. Santander didn’t answer Bloomberg calls to mobile-phone and fixed-line numbers for its press office.
To contact the reporter on this story: Andre Soliani in Brasilia at firstname.lastname@example.org.
To contact the editor responsible for this story: Sylvia Wier in New York at email@example.com.