Bradesco in Santander Brasil Bid: Daily

By Stephen Eisenhammer, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL - Bradesco is in the final stages of acquiring the Brazilian subsidiary of Spanish bank Santander, according to a report published in O Globo Sunday. Both banks have strongly denied the claim, with Santander saying their Brazilian arm was “not for sale” and Bradesco releasing a statement saying it “emphatically negated” the assertions made by the Rio based newspaper.

However, O Globo, who did not say where they acquired the information, affirmed that negotiations over the acquisition have been going on for the past eight months.

Were the deal to happen . . .

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