Banco do Brasil will split 100% of its shares – 12/08/2023 – Market

The board of directors of Banco do Brasil announced this Friday (8) that it approved the proposal to split 100% of its shares, according to a relevant fact to the market.

With the operation, the bank will allocate a new share for each share issued, increasing the number of shares on the market without changing the institution’s assets and shareholder participation.

“The intention with this is to democratize access to the bank’s shares for investors, especially individuals. It is a movement that is justified by the high growth in the value of BB shares this year, around 50%”, stated the vice president of financial management and investor relations at Banco do Brasil, Geovanne Tobias, in a press release.

At 10:13 am, BB shares fell 0.13%, to R$53.80. At the same time, the Ibovespa rose 0.27%.