BANCO BRADESCO S.A. Strategic partnership between Bradesco and BV bank for the
creation of an independent investments manager
Banco Bradesco S.A. ("Bradesco") informs its shareholders and the Market, in continuity with the Notice to the Market disclosed on 8.24.2022, that, after the fulfillment of the previous conditions, concluded on this date the transaction with Banco Votorantim S.A. ("BV bank") for the creation of an independent investments manager, which will have an own brand, to be defined.
In the transaction, Bradesco, by means of one of its controlled companies indirectly, acquired 51 percent of BV DTVM S.A. ("Company"), which arose from the operation of third-party resources management and the Private Banking activity of BV bank.
The Company will have independence in the resources management and will be focused in structured and liquid funds of a high added value. In the private banking sector, the supply of own and third-party products, local and international, will be expanded.
Cidade de Deus, Osasco, SP, February 28, 2023
Carlos Wagner Firetti
Investor Relations Officer
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Banco Bradesco SA published this content on 01 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 March 2023 12:32:50 UTC.
