Portugal: Brazil’s Bradesco boosts stake in Banco Espírito Santo to 6 pct

21 April 2009

Lisbon, Portugal, 21 April – Brazilian bank Bradesco has doubled its stake in Portuguese bank Banco Espírito Santo (BES) to 6.05 percent during the recent capital increase, the Portuguese bank said Monday.

“In the capital call operation carried out by BES and concluded on 15th of this month, Bradport (a company entirely owned by Bradesco) subscribed 543,333,333 shares, and now owns 70,583,333 BES shares corresponding to 6.05 percent of the . (macauhub)