ANNOUNCEMENT 16 Sep 2009In September 2009, the government of Brazil announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
Brasilian Presidency. (2009). Decree of 16 September 2009.
UNCTAD. (2010). World Investment Report 2010. Available at http://www.unctad.org/WIR
Bloomberg. (17 September 2009). Banco do Brasil Gains on Foreign Investor Limit, ADRs. Available at http://www.bloomberg.com/apps/news?pid=newsarchive&sid=av0v8YW8La_Q
On 16 September 2009,the government of Brazil raised the cap on foreign ownership for the state-owned Banco do Brasil. Due to the Presidential Decree released that day, foreign investors may now hold up to 20 percent of the bank. The previous limit had been 12.5 percent.