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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Brazil Sovereign Wealth Fund to buy Banco Do Brasil shares

Posted on 18 June 2010

From Dow Jones: The Brazilian sovereign wealth fund will buy 66.5 million shares to be offered by state-run Banco do Brasil SA, Latin America’s biggest bank by assets, through bank’s primary and secondary offering of shares on the Sao Paulo Stock Exchange, BMFBovespa.
Banco do Brasil said, in a statement late Wednesday, that Brazil’s sovereign wealth fund, Fundo Soberano do Brasil, will acquire its shares via a special fund known as FFIE…………………………………………..Full Article: Source

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