SAO PAULO Feb 6 The board of Banco Bradesco SA
, Brazil's third-largest listed bank, will
propose to shareholders a capital increase of 8 billion reais
($2.6 billion), granting new shares to current shareholders, the
company said on Monday.
According to a securities filing, the measure will be put to
shareholders at a meeting on March 10. Bradesco said it will use
profit reserves to increase its share capital from 51.1 billion
reais to 59.1 billion by distributing 1 new share to investors
for every 10 already held.
($1 = 3.11 reais)
(Reporting by Flavia Bohone; Writing by Daniel Flynn)