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Bradesco gets central bank nod for 8B reais capital raise

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Bradesco gets central bank nod for 8B reais capital raise

Banco BradescoSA received approval from BancoCentral do Brasil for a planned 8.00 billion Brazilian reais capitalincrease that will boost the bank's capitalstock to 51.10 billion reais from 43.10 billion reais, according toa Form 6-K filed April 5.

Shareholders of record as of April 15 who participate in theoffering will receive a bonus of 1 new share for every 10 shares of the same typethey already hold, according to the filing.

The central bank's approval of the capital hike follows Brazilianantitrust regulator Cade saying it will recommendthat its plenary council approve Bradesco's pending acquisition of .

As of April 4, US$1 wasequivalent to 3.59 Brazilian reais.