SECURITIES AND EXCHANGE COMMISSION
06029-900 - Osasco - SP
Federative Republic of Brazil
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____.
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Publicly Held Company |
Notice to the Market
Banco Bradesco S.A. ("Bradesco") communicates to its shareholders, clients and to the market in general that it has entered into a strategic partnership with RCB Investimentos S.A. ("RCB"), one of the leading companies in Brazil’s credit management and recovery market, and with its controller PRA Group Brazil Investimentos e Participações, a company of the PRA Group Inc. ("PRA Group"), a global leader in the acquisition and management of non-performed credits. The operation encompasses:
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Bradesco’s acquisition of 65% of the shares issued by RCB, in which the founding individuals will remain as partners and remain ahead of the management of RCB, together with Bradesco; |
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the constitution of two Investment Funds in Credit Rights (FIDCs) for the acquisition of non-performed credit portfolios, and the management of the recovery of these credits is incumbent upon the RCB. The FIDCs will usually be held by the PRA Group and by the founders, with Bradesco’s minority participation. |
As a result of the partnership, Bradesco expects to increase the efficiency of its credit recovery process, as well as actively participate in the acquisition of credit recovery market.
The operation is subject to approval by the competent authorities and other contractual terms commonly used for this type of operation.
Bradesco relied on exclusive financial advice from Banco Bradesco BBI S.A.
Cidade de Deus, Osasco, SP, October 2, 2018
Banco Bradesco S.A.
Denise Pauli Pavarina
Executive Managing Officer and
Investor Relations Officer
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BANCO BRADESCO S.A. | ||
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By: |
/S/Denise Pauli Pavarina
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| Denise Pauli Pavarina Executive Managing Officer and Investor Relations Officer. | ||
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