SAO PAULO (Reuters) – Alberto Joseph Safra and his family are close to an agreement over the will of his father, Brazilian billionaire banker Joseph Safra, that could avoid litigation over an almost $15 billion fortune, two sources with knowledge of the matter said on Tuesday. He argued in court that he had been disinherited, a characterization disputed by his mother Vicky Safra, administrator of Joseph Safra’s state, according to a document filed with the court. Brazilian newspaper O Estado de S. Paulo first reported the ongoing negotiations between Alberto and his family. Alberto resigned from Banco Safra’s board of directors in November 2019, after a dispute with his younger brother David. Before challenging his father’s will in court, Alberto had disagreed with dividend policy at the family’s holding company.

Source: MetroXpress October 07, 2021 13:41 UTC