Posted at 8:54 AM
Banco do Brasil (BBAS3) reported on Friday, December 8, that its board of directors, at a meeting held on December 7, agreed to refer the 100% share split proposal to the general meeting of shareholders for discussion. (BBAS3), thus allocating one (1) new share for each issued share.
The bank stated that “the division will increase the number of issued shares without changing BB’s ownership rights and the shareholder participation rate, and will be implemented after the approval of the general meeting of shareholders.”
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