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Banco Indusval SA (IDVL4.SA)

IDVL4.SA on Sao Paolo Stock Exchange

1.36BRL
27 Jul 2016
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R$ 1.84
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Latest Key Developments (Source: Significant Developments)

Banco Indusval SA's board of directors approves proposal for launching public offering for acquisition of shares for delisting
Friday, 11 Mar 2016 06:45am EST 

Banco Indusval SA:Says that its board of directors has approved the proposal for launching a public offering for acquisition of shares for cancellation of registration of a publicly held company.The offering is for all the outstanding shares of the company, that is for 37.9 million ordinary shares and 29.6 million preferred shares.The offer price will be based on the issue price in the capital increase approved in Aug. 2015, of 1.27 Brazilian reais per ordinary or preferred share.  Full Article

Banco Indusval SA to ratify fully subscribed share capital increase of 80 million Brazilian reais
Friday, 30 Oct 2015 06:33am EDT 

Banco Indusval SA:Says that share capital increase of 80 million Brazilian reais has been fully subscribed for after unsubscribed shares auction held on Oct. 27, 2015.Says that 56,519,930 common and 6,472,196 preferred shares have been issued with the issue price of 1.27 real per share.Says will call Extraordinary General Meeting on Nov. 18, 2015 for the purposes of capital increase ratification.  Full Article

Banco Indusval SA proposes capital increase through private subscription
Wednesday, 19 Aug 2015 09:56am EDT 

Banco Indusval SA:Proposes a capital increase of 80 million Brazilian reais, through the issue of 56.5 million of new ordinary shares and 6.5 million preferred shares. with the issue price of 1.27 real per share.Decision to be voted on Aug. 31.  Full Article

Moody's reaffirms ratings for Banco Indusval SA
Tuesday, 24 Mar 2015 09:08am EDT 

Banco Indusval SA:Announces that Moody's has reaffirmed the company's ratings including: Bank Deposits B1/NP; NSR Bank Deposits -Dom Curr Baa2.br/BR-3; Baseline Credit Assessment b1 and Adjusted Baseline Credit Assessment b1.The outlook on all ratings changed to stable from negative.  Full Article

Banco Indusval SA's unit enters into partnership with SLW Corretora de Valores e Cambio Ltda
Wednesday, 18 Mar 2015 07:56am EDT 

Banco Indusval SA:Says its unit Guide Investimentos S.A. Corretora de Valores announces strategic partnership with SLW Corretora de Valores e Cambio Ltda.With this partnership Guide Investimentos will reach about 10,000 clients and manage about 4 billion Brazilian reais in assets.Guide Investimentos' aim for FY 2015 is to reach 13,500 clients and to manage 5 billion reais in assets.  Full Article

Lojas Renner SA announces commercial partnership with Banco Indusval SA for credit cards
Wednesday, 19 Nov 2014 05:41am EST 

Lojas Renner SA:Says on Nov. 18 approved the Commercial Partnership Agreement with Banco Indusval to operate the activities of issuance, management, offering and commercialization of credit cards.Partnership with duration of 2 years as from the beginning of its activities.  Full Article

Moody's downgrades ratings for Banco Indusval SA
Monday, 8 Sep 2014 04:22pm EDT 

Banco Indusval SA:Announced that Moody's has downgraded the company's ratings including: deposit ratio to B1 from Ba3; bank financial strength rating (BFSR) to E+ from D-; long and short-term Brazilian national scale deposit rating, to Baa2.br and BR-3 from A2.br and BR-2, respectively.The outlook on all ratings changed to stable from negative.  Full Article

Brazil's Indusval has no firm proposal for sale at this point

SAO PAULO, June 7 Brazilian mid-sized lender Banco Indusval & Partners SA has no proposal, document or decision over a sale of its business at this point, according to a securities filing on Tuesday.