January 7, 2019 / 5:03 PM / 2 months ago

Banco do Brasil CEO Novaes considers divestitures, IPOs

BRASILIA, Jan 7 (Reuters) - Rubem Novaes, the new chief executive officer of Banco do Brasil SA, said on Monday the state-controlled bank may divest from assets not closely related to the bank’s core activities.

Novaes said Banco do Brasil may also consider initial public offering of units of assets to maximize the bank’s value. (Reporting by Marcela Ayres)

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