SAO PAULO, April 23 Brazilian bank Bradesco
(BBDC4.SA) and the state-run Banco do Brasil (BBAS3.SA) said on
Friday they had each independently acquired additional stakes
in two of Santander Group's Brazilian subsidiaries.
Bradesco, Brazil's No. 2 private bank, acquired an
additional 2.09 percent stake in Santander's local bank Cielo
(CIEL3.SA) for 425 million reais ($241 million), raising its
stake to 28.65 percent.
It also bought an additional 10.67 percent stake in
Santander's Companhia Brasileira de Solucoes e Servicos (CBSS)
for 139.2 million reais, raising its position in that bank to
45 percent, Bradesco said in a market filing.
Meanwhile, Banco do Brasil - the country's largest
state-run bank - acquired through its BB Banco de Investimento
unit an additional 5.11 percent stake of Cielo's capital for
1.039 billion reais from Santander, bringing its total
participation in the local subsidiary to 28.65 percent.
Banco do Brasil also took an additional 4.65 percent stake
in CBSS at a cost of 60.8 million reais, bringing its total
holding of the bank to 45 percent.
The shares of Cielo closed Friday down 2.1 percent at 16.80
reais. Banco do Brasil shares were up 0.6 percent at 29.85
reais, while Bradesco was up 0.7 percent at 31.68 reais.
(Reporting by Carolina Marcondes; writing by Reese Ewing;
Editing by Marguerita Choy)