Banco do Brasil Near $900 Million Deal for Bankia Florida Unit -Bloomberg TV
May 09 2013 - 3:29PM
Dow Jones News
Banco do Brasil SA (BBAS3.BR) is nearing a $900 million deal to
buy City National Bank of Florida, which was put up for sale last
year by Spain's Bankia SA (BKIA.MC), Bloomberg Television reported
Thursday.
Bankia Chairman Jose Ignacio Goirigolzarri said in February that
there were more than a dozen potential bidders, and said Bankia
hoped to close a sale in the second or third quarter.
Web site: www.bloomberg.com
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