Banco do Brasil, Bradesco say they have not received formal proposal for Alelo
ReutersJul 24, 2025 12:10 AM
SAO PAULO, July 23 (Reuters) - Brazilian lenders Banco do Brasil BBAS3.SA and Bradesco BBDC4.SA said on Wednesday evening that they had not received any formal proposal regarding a deal involving Alelo, the meal voucher provider they own together.
In two separate securities filings, both lenders also said they are constantly mulling business opportunities.
Earlier in the day, newspaper Valor Economico reported, citing sources, that Brazilian food delivery app iFood, owned by Dutch technology investor Prosus PRX.AS, was in advanced talks to buy Alelo for about 5 billion reais ($904.75 million).
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
Coca Cola (KO) Q4 Earnings Preview: Look for the Upside in the AI Initiatives, not in the Revenue and the EPS
Coca-Cola (KO) enters its fourth-quarter 2025 earnings call tomorrow with significant momentum. However, a fundamental shift is occurring.TradingKey
5 hours ago
Warsh’s Fed Era Signals a Death Knell for QE, Jolting the $30 Trillion Treasury Market
With Warsh’s nomination, his past proposals for governing the Federal Reserve are being brought to the forefront. A central issue is the formulation of a new "1951 Accord" to restructure the relationship between the Fed and the Treasury. Analysts suggest such a move could impact the $30 trillion TreTradingKey
19 hours ago
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.TradingKey
Fri, Feb 6
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.TradingKey
Fri, Feb 6
