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J&F studying acquisition of BVA bank's assets

The conglomerate J&F Participações, which owns JBS, is studying the acquisition of assets held by the bank BVA, which has been administered by Brazil's Central Bank since October.

The chief executive of J&F, Joesley Batista, and the president of the holding company, Henrique Meirelles, met this week with officials responsible for administering BVA. J&F is still evaluating the business and no offer was made.

J&F is the second group to have shown an interest in BVA. The Caoa group, from the automobile industry, submitted a bid to buy the bank at the end of last year. It wants to buy the whole bank, while J&F is evaluating the acquisition of only a few parts.

Information provided by O Estado de S. Paulo

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