Brazil authorizes Bradesco's $2.2 bln capital increase plan

lunes 4 de abril de 2016 17:45 GYT

SAO PAULO, April 4 (Reuters) - Banco Bradesco SA said on Monday it had received central bank permission to raise up to 8 billion reais ($2.2 billion) in fresh capital through a share offering.

In a securities filing, Bradesco said the plan will allow Brazil's second-largest private-sector bank to increase shareholders' equity to 51.1 billion reais from 43.1 billion reais currently. Shareholders of record as of April 15 who participate in the plan will be entitled to a premium equivalent to 1 new share for every 10 they held prior to the offering, the filing said.

($1 = 3.6206 Brazilian reais) (Reporting by Guillermo Parra-Bernal; Editing by James Dalgleish)