Fictor Group announces agreement to acquire Master, in partnership with investors from the United Arab Emirates

The Fictor financial holding announced on Monday, 17, that it has closed a deal to acquire Banco Master, in partnership with a consortium of investors from the United Arab Emirates – who, according to Fictor, are responsible for over $100 billion in assets under management. However, the announcement does not specify exactly who these investors are. According to Fictor, the offer includes an immediate investment of $3 billion aimed at strengthening the bank’s capital structure. The transaction will need approval from the Central Bank and the Administrative Council for Economic Defense (Cade). The request to be submitted to the Central Bank involves changes to the statutory board, the formation of a new board of directors, and the institution’s name change to Banco Fictor. The main partners of the Fictor holding are Rafael Góis, Rafael Paixão, and Phillippe Rubini. The group operates in the financial, infrastructure, and food trading sectors. It claims to have over 6,000 employees and a portfolio of more than 30 companies in Brazil, the United States, and Europe. Fictor has also been involved in consolidating the meat industry in the country through Fictor Alimentos.