On Tuesday, October 13, 2026, Banco Bradesco (BBDC4) reported that it had received a notice from BlackRock regarding the acquisition of a relevant equity stake. On October 8, 2026, the manager’s aggregated positions came to 511,731,708 preferred shares and 50,618,163 American Depositary Receipts (ADRs), which represent the same number of preferred shares, totaling 562,349,871 preferred shares, equivalent to approximately 10.060% of the total preferred shares issued by the bank, in addition to 143,148,325 common shares, which represent about 2.553% of the common shares outstanding.
BlackRock also holds 24,606,349 derivative financial instruments referenced to preferred shares, with cash settlement, corresponding to approximately 0.440% of Bradesco’s total preferred shares. According to the notice, the purpose of these holdings is strictly investment, with no intention of altering the bank’s shareholding control or management structure, and there are no contracts or agreements governing the exercise of voting rights or the purchase and sale of securities issued by Bradesco.
