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

Reuters

BB Seguridade Participações SA, the insurance holdingcompany controlled by Brazil's largest bank, approved on Fridaya plan to list its stock in New York in the form of AmericanDepositary receipts, level I. In a statement, BB Seguridade saidit hired Deutsche Bank Trust Company Americas as the depositarybank for the ADRs.

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

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