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Portugal's largest bank Caixa Geral de Depositos (CGD) is relaunching the sale of its Brazilian business as part of its strategy to streamline its international presence, executive board member Francisco Cary told Reuters on Monday.
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LISBON Portugal’s largest bank Caixa Geral de Depositos (CGD) is relaunching the sale of its Brazilian business as part of its strategy to streamline its international presence, executive board member Francisco Cary told Reuters on Monday.
This will be CGD’s second attempt to sell its Brazilian lender after rejecting three binding offers at the end of 2019 because it said they did not reflect the real value of the bank.
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