Mexican Negotio Magni is allowed to buy 3.5% from BR Partners

The Mexican group Negotio Magni was allowed to acquire up to 3.5% of investment bank BR Partners, from banker Ricardo Lacerda. The approval for the entry of foreign capital into the financial institution was granted yesterday, day 29, by the Central Bank (BC). It will be the first overseas contribution to BR Partners. Negotio Magni belongs to Mexican billionaires Roberto Hernandez, Alfredo Harp Helú and Esteban Malpica, former owners of Banamex, recently sold to Citibank. In Brazil, Mexicans already have investments in companies such as Hypera Pharma and UOL, owner of PagSeguro, of machinery. Doors open. The endorsement for the business occurs after the Bolsonaro government facilitated the entry of foreign capital in Brazilian financial institutions. In a decree published in September, the Central Bank was authorized to recognize the interest of the Brazilian government and approve or not the entry of international groups into local banks. Shorter path. Previously, it was necessary to have the blessing of bc, but also of the President of the Republic, who should publish a decree for each case, which made the process more bureaucratic. With one less obstacle, the task walks faster.