June 23, 2017 5:12 AM ET

Banks

Company Overview of Caixa Econômica Federal

Company Overview

Caixa Econômica Federal operates as a financial institution in Brazil and internationally. The company engages in banking activities, such as raising and investing funds in various operations related to commercial portfolio, foreign exchange transactions, credit to consumers, real estate, and rural credit. It is also involved in the provision of banking services, including administration of funds and investment portfolios, and social nature, as well as intermediation of securities, credit, and debit card transactions. In addition, the company operates in the insurance, private pension plan, capitalization, and consortium management businesses, as well as issues debt bonds. Further, it carrie...

Sbs Quadra 4

Bloco A Lote 3/4

Qd. 4 - Lts. 3/4 Ed. Sede

Brasilia, DF 70092-900

Brazil

Founded in 1861

109,333 Employees

Phone:

55 61 3206 4429

Fax:

55 61 3206 4272

Key Executives for Caixa Econômica Federal

Vice President of Finance and Director
Age: 66
Accounting Head of Department
Vice President of Individuals and Director
Age: 55
Vice-President and Director
Compensation as of Fiscal Year 2016.

Caixa Econômica Federal Key Developments

Caixa Reportedly Eyes BTG's Stake In Banco Pan

Caixa Econômica Federal is considering buying the stake that local investment bank Banco BTG Pactual S.A. owns in Banco Pan S.A. Earlier this month, the federal police started an investigation into potential wrongdoings in the purchase of shares in Banco Pan by Caixa, which took place in 2009. Caixa denies any wrongdoing. Before making an offer for BTG's stake, Caixa executives will analyze the evolution of the police investigation and its potential impact on the Banco Pan deal.

Caixa Econômica Federal To Sell Its Assets

Caixa Econômica Federal is looking to sell its assets to avoid having to seek a capital injection from the government in 2018. Caixa Econômica Federal is also planning to sell Lotex lotteries division.

Caixa Seeks IPOs

Caixa Econômica Federal is planning initial public offerings (IPOs) of its insurance and credit card units in 2017, a source with direct knowledge of the matter said. The priority will be the listing of insurance unit Caixa Seguridade Participações S.A., the source said, after a delay last year due to market conditions. At the time, the state lender expects to raise up to 7.5 billion raise with the deal. The share sales would help to capitalize Caixa at a time when Government of the Federative Republic of Brazil's tight federal budget has little room for further capital injections. Moody's Investors Service said in a recent report that Caixa may need up to 17.5 billion raise in fresh capital. Before filing for the IPO with regulators, Caixa wants to conclude negotiations on a 20-year extension of an exclusivity contract with CNP Assurances SA (ENXTPA:CNP) to sell insurance in Caixa branches beyond 2021, the source said. An alternative would be to divide the contract into different exclusivity agreements for each insurance product, according to the source. Caixa is also looking to group its credit card activities into a new company, which would also be listed, said the source. A new company to manage the scratch-tickets business is also being created and Caixa may sell a majority stake in it, the source added.

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Recent Private Companies Transactions

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

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