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Bradespar

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Bradespar S.A
Company typeSociedade Anônima
B3: BRAP3, BRAP4
BMAD: XBPRO
Ibovespa Component
IndustryHolding
Founded2000
HeadquartersSão Paulo, SP, Brazil
Key people
João Moisés de Oliveira (CEO)
Lázaro de Melo Brandão (Chairman)
Productsinvestment company
RevenueDecrease US$304.8 million (2012) [1]
Decrease US$232.6 million (2012) [2]
Number of employees
350
ParentBanco Bradesco
Websitewww.bradespar.com.br

Bradespar is a Brazilian holding company headquartered in São Paulo. The company was formed in 2000 by Banco Bradesco in order to allow the bank to spin off some of its industrial investments. In 2005, the company began to hold large holdings in mining company Vale and utility company CPFL Energia, which is one of the largest companies in the Brazilian electric sector. Bradespar's stock is traded in São Paulo and Madrid stock exchanges, and it is part of the São Paulo's Ibovespa index. Currently the single investment of the company is in the mining multinational company Vale, being one of the largest shareholders.

References

  1. ^ [1] Bradespar 2010 ended fiscal year revenues jumps 57.4% to R$1.9/US$1.1 billion
  2. ^ [2] Bradespar close 2010 net income in R$1.7/US$1.0 billion


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