Santander sees no room for big Brazil acquisitions, Rial says
SAO PAULO Jan 27 (Reuters) - Banco Santander Brasil SA sees no room for big acquisitions of rivals in Brazil, Chief Executive Officer Sérgio Rial said on Wednesday.
Rial, who spoke at a news conference to discuss fourth-quarter results, said Santander Brasil has no interest in buying a stake in the card payment processing unit of Elavon Inc in the country.
Reuters reported in November that Citigroup Inc is exiting a Brazilian credit card processing joint venture with Elavon. (Reporting by Aluísio Alves; Writing by Guillermo Parra-Bernal; Editing by Chizu Nomiyama)
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