Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 83

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 4
Chunk 83
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 conditions precedent, including the appropriate regulatory approvals.

Ø   Tender Offer - Cielo
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 On February 5, 2024, our indirect subsidiaries Quixaba Empreendimentos e Participações Ltda. (Quixaba), Elo Participações Ltda. (Elo), Livelo S.A. (Livelo) and Alelo Instituição de Pagamento S.A., along with BB Elo Cartões Participações S.A., , jointly notified Cielo S.A. – Instituição de Pagamento, of their decision to proceed with the conversion of the public company registration from category “A” to “B”, and consequent delisting from B3 S.A. – Brasil, Bolsa, Balcão listing segment Novo Mercado. This process was carried out through a public tender offer for the acquisition of shares (OPA), in accordance with the applicable regulations and the Cielo’s bylaws. On September 26, 2024, after meeting certain conditions precedent, including the necessary regulatory approvals, the OPA was completed with Quixaba holding 30.61%, Livelo having 20.52% and Elo having 19.70% of Cielo’s common shares.
 
Ø Incorporation of Bradesco Asset (BRAM)
 On July 31, 2024, after fulfillment of the applicable conditions, we completed the merger of our direct subsidiary, Bradesco Asset Management S.A. Distribuidora de Títulos e Valores Mobiliários (BRAM), as approved by our shareholder’s meeting held on March 11, 2024. We succeeded BRAM in all their responsibilities, rights and obligations, including the provisions set out in records, registers, contracts and any document to which BRAM was a party to as of July 31, 2024. The merger does not affect the ability to manage our resources or those of third parties, as we will maintain the existing structure of governance segregation as well as the existing physical and functional structure to avoid any conflict of interest, aiming to preserve the independence of the third-party resource management operations from our other business activities.
 Bradesco Asset is the asset management department of Banco Bradesco S.A. and has developed important alliances and continues to focus its strategy on internationalization. Through personal management and agreements with partners, we offer Brazilian investors the opportunity to invest in fixed and non-fixed equity funds, balanced and alternative, with global, regional and thematic exposure, as well as global ESG