UPDATE 1-Colombia's Davivienda to buy local stock brokerage

Thu Feb 28, 2013 11:50am EST

BOGOTA Feb 28 (Reuters) - Banco Davivienda, Colombia's third-largest bank by assets, has agreed to buy the local Corredores Asociados brokerage for $66 million, the company said on Thursday.

The sale is pending regulatory approval.

Corredores Asociados has assets worth around $83 million.

Davivienda is the financial arm of Colombia's Grupo Bolivar.