Banco Safra, a Brazilian bank, agreed to acquire Alfa Group, a financial services group, for $192m. “The transaction is a milestone in the history of the bank in Brazil. Customers, employees and shareholders of Alfa Financial Conglomerate and Safra Bank will benefit. We share values, long-term vision and passion for work, which gives us enormous confidence in the harmony and success of this operation," David Safra, Banco Safra CEO.