April 25, 2013 / 1:45 PM / 5 years ago

Antitrust concerns may derail Brazil bank mergers -Santander

SAO PAULO, April 25 (Reuters) - Antitrust issues could hamper any attempt among Brazil’s largest commercial banks to merge, said on Thursday the outgoing chief executive of Banco Santander Brasil SA - a recent target of takeover speculation.

Santander Brasil, the nation’s largest foreign lender, had no takeover talks with a rival over the past three years, said CEO Marcial Portela Álvarez at a news conference. Media reports last year said larger rival Banco Bradesco SA could bid for all of Santander Brasil; both companies denied the reports at the time.

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