Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____
Publicly-Held Company CNPJ # 60.746.948/0001-12 | |
Notice to Shareholders
Bradesco submits a Binding Proposal for acquisition of part of the shares issued by Cielo and CBSS held by Santander Spain
Banco Bradesco S.A. (Bradesco) informs that it submitted to Santander Group Spain (Santander) a Binding Proposal (Proposal) to acquire part of the shares held by Santander:
· in Cielo S.A. (Cielo), corresponding to 2.09% of the companys capital stock, for the amount of R$ 425 million; and
· in Companhia Brasileira de Soluções e Serviços - CBSS, corresponding to 10.67% of the companys capital stock, for the amount of R$ 139.2 million.
Considering that the proposal was accepted by Santander on this date, the conclusion of the purchase and sale is subject to the successful negotiation of the definitive documents and to the compliance with the legal and regulatory formalities.
Completed the transaction, Bradescos interest in Cielo will rise from 26.56% to 28.65% and in CBSS from 34.33% to 45.00%, reinforcing its participation in the capital of companies operating in the card market.
Further information will be disclosed to the market in due course, as negotiations evolve.
Cidade de Deus, Osasco, SP, April 23rd, 2010
Cordially,
Banco Bradesco S.A.
Investor Relations Officer
BANCO BRADESCO S.A. | ||
By: |
/S/ Domingos Figueiredo de Abreu
| |
Domingos Figueiredo de Abreu
Executive Vice-President and
Investor Relations Officer |
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.