Banco do Brasil forms insurance holding co, may list unit in IPO

SAO PAULO Mon Nov 26, 2012 7:11am EST

SAO PAULO Nov 26 (Reuters) - Banco do Brasil SA has formed a holding company to encompass all its assets in the pension, insurance and retirement industries, according to a securities filing on Monday.

The lender plans to list the holding company, which will be named BB Seguridade, through an initial public offering that might take place in 2013, Banco do Brasil Chief Financial Officer Ivan Monteiro said in the filing.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.