J&F in Talks to Inject Capital into Banco Master, Buy R$1.5B in Financial Letters

J&F, the Batista brothers' holding, negotiated a capital investment in Banco Master and purchase of R$1.5 billion in financial letters while a sale of part of the bank to BRB was underway, per messages between CEO Daniel Vorcaro and former legal director Luiz Rennó. The deal's structure is outlined in a memorandum of understanding, but J&F has not commented. This signals potential financial support for Banco Master amid its restructuring, with implications for Brazilian banking sector stability.