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Banco do Brasil's new president, Rubem Novaes, said his tenure would be consistent with the interest of minority shareholders and consider selling badets that are unrelated to the bank's core business.
At the Novaes inauguration ceremony, the Bank of Brazil in Brasilia, said the bank was serving two bosses, the private shareholder and the government, which had control and that this did not always translate into a harmonious relationship.
"If the bank took advantage of being the preferred service provider to public institutions, it was frequently subject to undue political interference."
"This is the tragedy of all state-owned companies.However, Novaes has indicated its intention to alter this balance in favor of the private investor."
However, Novaes has indicated its intention to change this balance in favor of the private investor.
"Fortunately, I am free from this tragedy and my mandate is fully compatible with the interests of minorities, but we will see it later," he said.
He stated that he would not persecute those who worked in previous administrations. and those who do not share liberal ideas, but who have said that those who acted contrary to the interests of the bank and who were involved in corruption would be held responsible.
"Assets that do not maintain synergies with the main activities of the bank, we will consider in this case disinvestment," he said.
"For the purpose of discovering and highlighting previously unseen or neglected values in accounting documents," he said.
In other words, he indicated his intention to seek "complementary partners.
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