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Banco do Brasil SA Announces Establishment of Brasildental Operadora de Planos Odontologicos SA Joint Venture with BB Seguros Participacoes SA and Odontoprev SA


Tuesday, 11 Jun 2013 08:38am EDT 

Banco do Brasil SA announced that, following information disclosed to the market on August 19, 2010 and November 26, 2012, Banco do Brasil SA, BB Seguros Participacoes SA (BB Seguros), BB Corretora de Seguros e Administradora de Bens SA (BB Corretora), Odontoprev SA (Odontoprev) and Odontoprev Servicos Ltda (Odontoprev Servicos) signed a contract, through a new company Brasildental Operadora de Planos Odontologicos SA (Brasildental), to develop and disseminate, and through BB Corretora, to distribute and sell dental plans under the BB Dental brand, exclusively in all the BB channels in Brazil. Initial capital of Brasildental will be of BRL 5 million, divided into 100,000 ordinary shares and 100,000 preferred shares, where BB Seguros holds a 49.99% of ordinary shares and 100% of preferred shares, totaling a 74.99% stake in the share capital of the company, and Odontoprev holds 50.01% of ordinary shares, totaling a 25.01% stake in the share capital of the company. 

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28 Jul 2014