BNDES Establishes London Presence

The BNDES development bank will today unveil a London office, its first major subsidiary outside Brazil. The UK unit will look to provide coverage of the European market and aid investors interested in Brazilian entities. It will also look to provide support for Brazilian companies seeking to expand internationally as well as already global companies with European interests. The BNDES’s only other overseas presence is in Montevideo, where it has a rep office. Today’s ceremony will be attended by president Lula, finance minister Guido Mantega, chief of staff Dilma Rousseff, central bank president Henrique Meirelles, and Luciano Coutinho, president of the BNDES.