STXNEWS LATAM-Brazil's BB Seguridade approves plan to issue ADRs

October 18, 2013

BB Seguridade Participações SA, the insurance holding company controlled by Brazil's largest bank, approved on Friday a plan to list its stock in New York in the form of American Depositary receipts, level I. In a statement, BB Seguridade said it hired Deutsche Bank Trust Company Americas as the depositary bank for the ADRs.

BB Seguridade is controlled by state-run Banco do Brasil SA