Brazilian bank Banco Panamericano, controlled by media tycoon Silvio Santos, said on Thursday its main shareholder was in talks to sell a minority stake to state-owned bank Caixa Economica Federal.

Panamericano said talks with Caixa for the sale of a 49 percent voting stake were ongoing and the price has not yet been determined. (Reporting by Elzio Barreto, editing by Maureen Bavdek)