Banco ABC Brasil Agrees to Acquire Asset Manager Angá Asset

Banco ABC Brasil has signed an agreement to acquire a stake in Angá Controle Holding. The company controls Angá Asset Management, an independent manager with approximately R$ 24 billion in assets under management across private credit funds and structured investments.

The transaction will be executed in stages. The bank will initially purchase 40% of the company based on 2026 earnings. The acquisition of the remaining shares will occur annually between 2028 and 2031 until the bank holds the entire capital.

The total value of the transaction is estimated at R$ 690 million. Completion depends on regulatory approvals and the fulfillment of customary market conditions.

This marks the first acquisition in the history of Banco ABC Brasil. The institution seeks to diversify its revenue streams with products that require lower capital allocation while expanding its presence in sectors such as agribusiness and infrastructure.

The Angá team will remain in the operation under a partnership governance model. The bank expects the association to generate positive results in net income as early as the first year following the conclusion of the process.