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BofA to Sell Itau Stake, May Raise $4.4 Billion to Add Capital

New York.- Bank of America Corp., agreed to sell its entire stake in Itau Unibanco Holding SA, Brazil’s largest bank by market value, in a transaction worth as much as $4.4 billion to boost capital. Bank of America will sell 188.4 million Itau preferred shares through a secondary offering, the...see more +
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