IRB Brasil shareholders approve share offering

August 21, 2015 10:59 PM

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SAO PAULO Aug 21 Shareholders of re-insurer IRB Brasil RE SA have decided to file for permission from Brazil's CVM securities regulator to hold a share offering, Banco Bradesco SA said in a securities filing on Friday.

Banco do Brasil has a stake of about 20 percent in Rio de Janeiro-based IRB Brasil. The federal government has a 27 percent stake, while state-run Banco do Brasil also has about 20 percent and Itau Unibanco SA about 15 percent.

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