After Fiagril purchase, Shanghai Pengxin now eyes Brazilian bank BI&P

After Fiagril purchase, Shanghai Pengxin now eyes Brazilian bank BI&P

Shanghai Pengxin Group Co is in talks to buy control of Brazilian mid-sized lender Banco Indusval & Partners SA, as the Chinese conglomerate wants to expand beyond commodities in Latin America’s largest economy, three sources with direct knowledge of the matter said.

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