Banco do Brasil to Sell Brasilsaude to Sul America, Folha de S. Paulo Says

Banco do Brasil SA plans to sell its stake in health insurance company Brasilsaude to joint owner Sul America SA, Folha de S. Paulo reported, without saying where it got the information.

The federally controlled lender has 49.9 percent of Brasilsaude while Sul America has 50.05 percent, Folha said. Banco do Brasil will focus on dental insurance and is in talks to create partnerships with other companies, the newspaper said.

Banco do Brasil and Sul America didn’t immediately return calls from Bloomberg News before regular business hours today.

To contact the reporter on this story: Telma Marotto in Sao Paulo at Tmarotto1@bloomberg.net

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