China’s BoCom acquires majority stake in Banco BBM to enter Brazil

Dias Carneiro, Arystóbulo, Flores, Sanches and Thomaz Bastos Advogados in São Paulo and Shearman & Sterling LLP in Beijing, São Paulo and Singapore have helped China’s Bank of Communications (BoCom) acquire 80 per cent of the shares in Brazil’s Banco BBM for a reported US$173 million.

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