Brazil Bank Turns Into Money Pit for Former Steel BillionairesBy , , and
Steinbruch family already injected 1.4 billion reais in Fibra
Lender will receive more capital from CSN owners, CEO says
The Steinbruchs, a family of former Brazilian billionaires who own Banco Fibra SA, have already injected about 1.4 billion reais ($336 million) into the company to cover losses since 2010, more than its book value. The tally is likely to get higher later this year.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.