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

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