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Stock Market & Financial Investment News

News Breaks
July 30, 2014
07:58 EDTSAN, BSBRFiling reveals Santander Brasil in discussions with Bonsucesso, Reuters says
A securities filing revealed that Banco Santander (BSBR) a unit of Banco Santander (SAN), has entered discussions with Banco Bonsucesso amid attempts to increase the company's presence in payroll-deductible lending, according to Reuters, citing the filing. A source said that Santander Brasil could possibly create a joint venture with Bonsucesso. Reference Link
News For BSBR;SAN From The Last 14 Days
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May 20, 2015
06:31 EDTBSBRSantander Brasil considering buying HSBC's Brazil assets, Reuters reports
Banco Santander Brasil (BSBR) is weighing a purchase of HSBC's (HSBC) Brazil assets, Reuters reports, citing comments made by Santander Brasil CEO Jesus Zabalza at a press event in Sao Paulo. The bank said it will wait until the opening of the "data room" before deciding whether to bid. Three sources said last week that HSBC could pick a preferred bidder for the unit as early as next month. Reference Link
May 14, 2015
06:57 EDTSANSources: HSBC could pick preferred bidder for Brazil unti by June, Reuters says
HSBC (HSBC) is set to receive binding offers for its Brazilian unit as early as June, at which time it may select a preferred bidder for the struggling unit, Reuters reports, citing three sources. Bids for the unit may not surpass book value, which is estimated at about $3.34B right now, the sources say, adding that Banco Bradesco (BBD), Banco Santander Brasil (SAN) and Grupo BTG Pactual had access to the unit's preliminary documents. Reference Link

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