Brazil's Caixa CEO rules out its own privatization
Reuters
Published Jan 07, 2019 03:49PM ET
Brazil's Caixa CEO rules out its own privatization
BRASILIA (Reuters) - The new chief executive of Brazilian state-controlled bank Caixa Econômica Federal, Pedro Guimarães, ruled out on Monday that he would seek to privatize the organization he now leads, saying he will only seek the partial sale of some units.
In an event in which he formally took over the role of CEO, Guimarães said that the profitability of the bank's insurance unit could double in two years after an initial public offering.
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Written By: Reuters
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