In an interview on Tuesday, BRB's CEO, Paulo Henrique Costa, mentioned that after lengthy negotiations, Banco de Brasilia decided to acquire only the healthiest and most strategically important assets from Banco Master. This deal, announced on Friday, is currently undergoing due diligence and might result in a renegotiated price of 2 billion reais paid over six years.

The news of the agreement has led to a significant increase in BRB's shares. However, concerns have been raised due to the lack of regulatory approval regarding the fate of Banco Master's remaining assets.

BRB has carefully chosen assets that align with its goal of expanding its client base and core business strategy. They excluded assets related to court-ordered payments and specific investment funds from the deal with Banco Master, leaving approximately 23 billion reais of assets out of the negotiation process that began in January.

BRB's decision to focus on specific assets has caught the attention of heavyweight Brazilian investment bank BTG Pactual, who has expressed interest in some of Banco Master's assets not included in the deal.

BRB notified the central bank of the transaction on Friday and submitted relevant documents during a meeting in Brasilia on Monday night, giving the regulator 360 days to make a decision, although approval is expected sooner, as stated by Costa. After BRB acquires 58% of Banco Master's capital, the future of the remaining 42% controlled by Daniel Vorcaro remains uncertain.

Costa indicated that discussions about the leftover assets have not involved him, emphasizing that decisions about these assets are in Vorcaro's hands.