Brazil · Business
Key Facts
—The Bid. Nubank, via Nu Financeira, has submitted a binding proposal to buy Banco Caixa Geral Brasil for roughly €42 million (R$250 million), largely through assumed debt.
—The Target. Banco Caixa Geral Brasil is the small Brazilian subsidiary of Portugal’s state-owned Caixa Geral de Depósitos, holding R$1.96 billion in assets as of September 2025.
—The Licence. The acquisition is a strategic move to secure a full Brazilian banking licence, allowing Nubank to legally use the word “bank” under Central Bank rules.
