Brazil's Banco Safra buys Alfa financial conglomerate for $192 mln
Source: Reuters
SAO PAULO, Nov 23 (Reuters) - Brazilian bank Banco Safra acquired control of financial conglomerate Alfa for 1.03 billion reais ($192.2 million), the bank said in a statement late on Wednesday.Alfa, founded in 1925, was controlled by banker Aloysio Faria, who died in 2020. David Safra, one of the controlling shareholders in Grupo Safra, said the acquisition was an important milestone for the bank.Alfa was advised…
This is aggregated or syndicated coverage. Reporting and media belong to the original publisher.
Read the original source at Reuters