Brazil's Bradesco approves capital increase by up to $1.95 billion
30/07/2026 24:14
Brazil's Bradesco approves capital increase by up to $1.95 billion SAO PAULO, July 29 (Reuters) - Brazilian lender Bradesco BBDC4.SA approved an up to 10 billion reais ($1.95 billion) capital increase, with controlling shareholders committing to subscribe for up to 8 billion reais, it said in a securities filing on Wednesday.
Bradesco said the capital increase, which was initially proposed by the controlling shareholders, will support the "strong pace of strategic investments" through higher investments in technology, commercial efficiency and business expansion.
($1 = 5.1178 reais)
(Reporting by Andre Romani; Editing by Muralikumar Anantharaman)
((Andre.Romani@thomsonreuters.com; 11 991314109;11 56447500;))
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