BRB Agrees to Sell Banco Master-Linked Assets to Quadra Capital for $2.9 Billion
Banco de Brasilia (BRB) has signed an agreement with Quadra Capital to sell assets linked to Banco Master, valued at $2.9 billion. The deal aims to strengthen BRB's capital structure and liquidity, with part of the payment expected in cash and the rest in subordinated shares of an investment fund. The transaction is subject to certain conditions.
Topics: asset sale Banco de Brasilia Banco Master corruption investigation legal issues Quadra Capital