Banco Bradesco to acquire the remaining 49.99% stake in Digio from Banco do Brasil for BRL625m.

Banco Bradesco, a Brazilian financial services company, agreed to acquire the remaining 49.99% stake in Digio, a digital banking solutions provider, from Banco do Brasil, a Brazilian financial services company headquartered in Brasília, for BRL625m. This transaction is aligned with the strategy of Bradesco of investing in digital businesses, complementing its operations in a diversified manner and reaching different audiences, with different models. The conclusion of the operation is subject to the approval of the Brazilian Central Bank and of the Administrative Council of Economic Defense, in addition to the completion of other formalities required.