SÃO PAUL and GENEVA, July 19,
2024 /CNW/ -- The Joseph Safra Family today announced
the global, amicable resolution of all disputes with Alberto Joseph Safra.
Under the terms of the resolution, Alberto will divest his
interests in the J. Safra Group. and pursue his business interests
through ASA. They reaffirm that their father, the late Mr.
Joseph Safra, was competent to
dispose of his estate. Alberto Safra
stated: "I am happy to put that matter behind. After
clarifications, I understood that there were no wrongdoings, and
that Mr. Safra's estate was properly disposed in accordance to his
wishes."
The parties have further agreed to end all pending legal and
arbitral proceedings in all jurisdictions.
Financial and other terms and conditions of the resolution were
not disclosed.
In a joint statement, Vicky Safra
and all her children said: "We are pleased to put this matter
behind us and reaffirm our family bonds. The resolution we have
reached will allow us to pursue our respective business interests
in ways that help ensure that the success of every member of our
family is a reason for shared satisfaction."
Media Contact
Ross
Lovern
Kekst CNC
Ross.lovern@kekstcnc.com
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content:https://www.prnewswire.com/news-releases/the-joseph-safra-family-amicably-resolves-disputes-302201652.html
SOURCE The Safra Group