Federally controlled banking giant Banco do Brasil (BB) is interested in buying a stake in Portugal's seventh biggest bank, Banif, Portuguese business publication Diário Económico reported.
Banif said last month that it was searching for a foreign partner.
Spain's largest banks, Santander (NYSE: STD) and BBVA (NYSE: BBVA), are also interested in purchasing a stake in Banif, as well as Barclays (NYSE: JYN) from the UK and BIC Angola, the Diário Económico quoted sources familiar with the matter as saying.
BB is Brazil's largest bank. Recently, it began an ambitious international expansion on several continents.