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Banco do Brasil SA To Bay Bankia SA's Florida Unit-DJ

Wednesday, 3 Apr 2013 09:37am EDT 

Dow Jones reported that Banco do Brasil SA is in advanced talks to buy City National Bank of Florida (City National), a unit of Bankia SA and to increase its stake in local bank Banco Votorantim SA to 75%. The transaction may cost at least USD 750 million. City National has 26 branches in the United States and the deal could be settled finally by the end of May 2013.