trending Market Intelligence /marketintelligence/en/news-insights/trending/Z6HBMqUmzjf_LxF5YSvg6Q2 content esgSubNav
In This List

Brazil's Banco Alfa launches 2.8M reais share repurchase program

Blog

Banking Essentials Newsletter: September Edition, Part - 2

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Video

S&P Capital IQ Pro | Powering Your Edge

Podcast

Street Talk Episode 81: Amid strong recovery, Banc of California hearing more M&A chatter


Brazil's Banco Alfa launches 2.8M reais share repurchase program

Banco Alfa de Investimento SA, said its board approved the launch of a share buyback program worth up to 2.8 million Brazilian reais.

Under the program, the lender can acquire up to 330,000 of its common shares and up to 100,000 of its preferred shares at market prices. The bank's board will decide the amount and timing of the repurchases.

The repurchase program starts March 14 and will run for 18 months, ending in September 2020, though it can be canceled at any time at the board's discretion.

As of March 13, US$1 was equivalent to 3.83 Brazilian reais.