BRIEF-Banrisul to pay BRL 1.28 billion for civil servants payroll transfer

miércoles 1 de junio de 2016 09:46 GYT
 

June 1 (Reuters) - Banco do Estado do Rio Grande do Sul SA :

* Announced on Tuesday that it agreed on financial terms of the operation with Rio Grande do Sul state regarding the onerous transfer of civil servants payroll for the period of 10 years

* To pay to the state 1.28 billion Brazilian reais ($353.1 million) in one instalment

Source text: bit.ly/1VvYoMk

Further company coverage:

($1 = 3.6247 Brazilian reais) (Gdynia Newsroom)