Bloomberg News

Bradesco Denies It’s Close to Buying Santander Brazil Unit Stake

May 27, 2012

Banco Bradesco SA (BBDC4) denied a report by O Globo today saying the bank is close to buying a stake in the Brazilian unit of rival Santander SA.

“Bradesco emphatically denies the report published in today’s edition of O Globo newspaper,” the bank said in an emailed statement.

To contact the reporter on this story: Andre Soliani in Brasilia at

To contact the editor responsible for this story: Sylvia Wier in New York at

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