Banco do Brasil acquires 50% of Banco Votorantim (Brazil) for US$ 1.8B

Banco do Brasil SA acquires Banco Votorantim from Grupo Votorantim (pending)
State-owned Banco do Brasil SA agreed to acquire a 50% interest in Banco Votorantim, a provider of commercial banking services, from Grupo Votorantim for 4.2 bil Brazilian reais ($1.823 bil US). The transaction was subject to regulatory approval.