BRB Cancels Shareholder Meeting on Capital Increase Proposal

BRB has announced the cancellation of an extraordinary shareholder meeting initially scheduled to discuss a capital increase of up to $1.7 billion. Bloomberg posted on X that the proposed increase aimed to address financial gaps resulting from transactions with the now-defunct Banco Master. The decision to cancel the meeting comes amid ongoing concerns about the financial implications of these transactions. BRB has not provided further details on the rescheduling of the meeting or alternative plans to address the financial shortfall.