CEO of BRB predicts reduced price for Banco Master as part of deal renegotiation
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BRB President stated that the acquisition of Banco Master's assets by the government-controlled bank is expected to exclude more than 23 billion reais, as revealed in a press conference after BRB released its fourth-quarter results. The final price for Banco Master's assets is yet to be determined, but it is anticipated to be lower than previously indicated. The acquisition will mainly focus on analyzing Banco Master's credit portfolio, with only selected credit operations being evaluated by the Brazilian central bank. The deal will involve acquiring Banco Master's most robust and strategically important assets, specifically in the medium and large business segments, payroll credit cards, and foreign exchange services. Assets without suitable guarantees or risk profiles aligned with BRB will not be part of the acquisition deal.

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