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Brazil: BB Seguridade eyes Ita˙'s high-risk corporate insurance portfolio

February 13, 2014 - 6:00am

Brazilian insurer BB Seguridade Participaš§es S.A. is mulling a bid for Ita˙ Unibanco Holding S.A.'s high-risk corporate insurance portfolio, Leonardo Mattedi, chief financial officer of BB Seguridade, said.

Francisco Kops, analyst at Banco Safra S.A.'s brokerage unit, said Ita˙ could raise around 1 billion Brazilian reais ($416 million) from the sale of the unit, Reuters reported.

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