Bradesco unit takes control of Brazil's Odontoprev

Reuters

SAO PAULO, Oct 14 (Reuters) - Banco Bradesco SA's healthcare unit agreed to take control of Odontoprev SA, Brazil's largest dental benefits provider, amid arecent wave of mergers and acquisitions in the nation's thrivinghealthcare industry.

Under terms of the plan, which were disclosed in asecurities filing on Monday, Bradesco Saúde SA will buy out a6.5 percent stake from Odontoprev Chief Executive Randal LuizZanetti, and consolidate its holdings in the company into aspecial purpose vehicle. Bradesco Saúde, through its majoritystake in the ZNT Emprendimentos SA vehicle, will controlOdontoprev.

As part of the plan, Zanetti will be replaced by MauroFigueiredo, the filing added.

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