BRB Gets $3 Billion Offer for Master Assets, Government Says

Banco de Brasilia SA’s controlling shareholder said the lender received an offer of 15 billion reais ($3 billion) for assets it obtained from Banco Master SA, as it seeks fresh capital to plug a hole left by its transactions with the failed bank.

An investment fund made the offer to buy the assets from BRB, as the bank is known, according to a statement Friday from Brazil’s capital city government, which controls the lender. The fund wasn’t named.