Bradesco Takes Control of Odontoprev

Bradesco Saude has agreed to take control of Brazilian dental benefits provider Odontoprev by acquiring a 6.5% stake from CEO Randal Luiz Zanetti, the healthcare unit of Bradesco says. The deal takes Bradesco Saude’s ownership to 50.01% of Odontoprev. The Brazilian bank does not give the price it paid. Zanetti will step down and become Odontoprev’s deputy chairman as well as a board member of the Bradesco Seguros insurance unit. He will be replaced by Mauro Figueiredo.