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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