Industry

BNDES considers to buy equity stakes in companies to help them

Brazil’s state-controlled development bank BNDES expects to finalize aid packages for companies in the auto, airlines, restaurant and energy sectors in May. BNDES president, Gustavo Montezano said that his organisation has an “appetite” to buy equity stakes in Brazilian companies to help them weather the coronavirus crisis, but that those stakes must be temporary.

Source: Reuters

Categories: Industry