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Still Seeking a Buyer, Cruzeiro Extends Buyback

Sep 14, 2012

The credit guarantee fund administering a tender for Brazil's Banco Cruzeiro do Sul extended its deadline by one day, it says, and is expected to make an announcement about the fate of the bank today. The Fundo Garantidor de Credito's (FGC) offer to buy back $1.58bn of the mid-size Brazilian...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management