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Brazil Extra - Latest News

2009-11-12

Banco do Brasil may issue shares in U.S. in 2009

SAO PAULO, Nov 12 (Reuters) - Banco do Brasil, Latin America's largest bank by assets, has received approval from the U.S. Securities and Exchange Commission to issue American Depositary Receipts, Chief Executive Aldemir Bendine said on Thursday.

The state-controlled bank may issue that type of stock as soon as 2009, he added. (Reporting by Aluisio Alves)

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