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UPDATE 1-Colombia's Davivienda to buy local stock brokerage
February 28, 2013 / 4:51 PM / 5 years ago

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

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.

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