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Nubank expands regulatory base in Brazil via Banco Porto Real buyout

Stocks & Finance
Nubank expands regulatory base in Brazil via Banco Porto Real buyout

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Nubank (NU), Latin America's largest digital financial institution, announced an agreement to acquire Banco Porto Real de Investimentos S/A, a wholesale credit bank established in 1992 in Rio de Janeiro.

Subject to approval by Brazil's Central Bank, the acquisition enables Nubank


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