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April 28, 2008 |
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BANCO BRADESCO: Discloses Termination of Shareholders' Pact Banco Bradesco S.A. has informed its shareholders and the market in general of the termination of the Shareholders’ Agreement, entered into on June 9, 2003, between: a. its controlling shareholders -- Cidade de Deus-Companhia Comercial de Participacoes and Fundacao Bradesco [Cidade de Deus and Fundacao]; and b. Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), based in Bilbao (Spain). The termination was due to the exercise by BBVA of the Sale Option of all common shares linked to the Agreement which it used to hold, representing 5% of Bradesco’s common shares. Said interest was sold on April 11, 2008 to NCF Participacoes S.A., a company controlled by Cidade de Deus and Fundacao, for BRL$2.289 billion. On April 11, 2008, NCF sold 1.5% of Bradesco’s common shares to Banco Espirito Santo, S.A., from Portugal, for BRL685 million. About Banco Bradesco Headquartered in Sao Paulo, Brazil, Banco Bradesco S.A. (NYSE: BBD) -- http://www.bradesco.com.br/ -- prides itself on serving low-and medium-income individuals in Brazil since the 1960s. Bradesco is Brazil's largest private bank, with more than 3,000 banking branches, and also a leader in insurance and private pension management. Bradesco has branches throughout Brazil as well as one in New York, and Japan. Bradesco offers Internet banking, insurance, pension plans, annuities, credit card services (including football-club affinity cards for the soccer- mad population), and Internet access for customers. The bank also provides personal and commercial loans, along with leasing services. * * * On Nov. 12, 2007, Moody's Investors Service assigned a Ba2 foreign currency deposit rating to Banco Bradesco. |
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