Bloomberg News

Bradesco Close to Buying Santander Brazil Stake, O Globo Says

May 27, 2012

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 asoliani@bloomberg.net.

To contact the editor responsible for this story: Sylvia Wier in New York at swier@bloomberg.net.


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