quarta-feira, 10 de junho de 2015

Brazil's Billionaires Got Cheap State Bank Loans for Their Companies

Brazil’s state development bank has been quietly supporting the companies controlled by many of the country’s billionaires.

More than two dozen of Brazil’s wealthiest people have stakes in companies that received loans or investments from the bank, with most of those who took loans receiving below-market rates at least once. That includes most of the Brazilians on the Bloomberg Billionaires Index.

Details of the bank’s lending -- 320 billion reais ($102 billion) in Brazil since 2012, as well as $11.9 billion for loans abroad since 2007 -- were released last week, amid growing pressure to open its books.

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