September 21, 2017 9:41 AM ET

Banks

Company Overview of Banco Safra S.A.

Company Overview

Banco Safra S.A. provides various commercial banking services in Brazil. The company offers real estate loans; and foreign exchange, credit, financing and investment, and leasing services. It is also involved in the various insurance operation, credit card, private pension, securities brokerage and distribution, investment funds management, and managed portfolios, as well as securities underwriting, trade finance, asset management, and treasury operations. The company is headquartered in São Paulo, Brazil.

Av. Paulista 2.100

São Paulo, SP 

Brazil

6,062 Employees

Key Executives for Banco Safra S.A.

CEO, President of the Board & VP of Administration Board
Age: 60
Member of Administration Board & Director
Age: 68
President of Administration Board
Age: 83
Member of Administration Board
Member of Administration Board
Compensation as of Fiscal Year 2017.

Banco Safra S.A. Key Developments

GIC And British Land Reportedly Considering Sale Of UBS HQ

GIC Pte. Ltd. and The British Land Company PLC are considering a circa £1.1 billion sale of UBS’s UK headquarters at 5 Broadgate, EC2. The duo have yet to take a firm decision to dispose of the 710,000 sq ft City trophy but have begun taking valuation advice from JLL and CBRE. It is understood that UBS is also likely to be involved in an advisory capacity in any prospective sales process and the opportunity would be offered to only a select group of potential buyers. A wall of money, in particular from Hong Kong, is looking to buy prestigious buildings in the capital and as a result record pricing has prompted GIC and British Land to consider their options, with Banco Safra S.A. also contemplating a £1 billion sale of the Gherkin at 30 St Mary Axe, EC3.

Lee Kum Kee Reportedly Seeks To Acquire Gherkin Skyscraper

Lee Kum Kee (Hong Kong) Foods Ltd. has approached Safra Group about a potential purchase of “Gherkin” tower. Lee Kum Kee is eyeing a bid for Gherkin Skyscraper, said two people briefed on the situation. But they cautioned that the building was not being marketed and there was no certainty of a deal. A spokesman for J Safra Real Estate, a subsidiary of Safra Group, said: “The Gherkin is a unique real estate asset and is not for sale.” Lee Kum Kee is considering an offer for the building, formally known as 30 St Mary Axe, at a yield of less than 4%, another person said. Lee Kum Kee has been examining a series of big-ticket London buildings through agents CBRE, with a view to further purchases, one person said. Lee Kum Kee had not responded to requests for comment at the time of going to press.

Banco Santander Reportedly Seeks To Acquire Citigroup's Retail Assets In Brazil

Banco Santander (Brasil) S.A. (BOVESPA:SANB4) hired Morgan Stanley as an adviser to help it buy retail assets in Brazil from Citigroup Inc. (NYSE:C) for $350 million to $450 million, according to three people with knowledge of the matter. Santander is working with Credit Suisse Group AG, other people said last week, asking not to be identified discussing private talks. The Spanish company didn’t make a bid for Citigroup’s Colombia unit, which is also for sale, and is working with a Lazard Ltd. venture to advise on its proposal to buy Citigroup’s assets in Argentina, the people said. Itaú Unibanco Holding S.A. (BOVESPA:ITUB4) and Banco Safra S.A. the lender owned by billionaire Joseph Safra, bid only for the Brazilian assets, according to the people. No firm is seeking all three, the people said. Santander didn’t respond to a request for comment. Representatives of Citigroup and Morgan Stanley declined to comment.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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