Brazil approves UBS' planned takeover of local brokerage Link

SAO PAULO Thu Jan 31, 2013 6:26am EST

SAO PAULO Jan 31 (Reuters) - The Brazilian government approved on Thursday UBS AG's purchase of local equities and derivatives brokerage Link SA CCTVM, which took place almost three years ago.

According to a decree in the government's gazette, the central bank will be in charge of finalizing the transaction.

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