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AOL LATIN AMERICA PARTS WITH 12% STAKE TO BRAZILIAN BANK

News, 20 June 2000


Sao Paulo-based Itau Bank, Brazil’s second largest, is set to acquire a 12% stake in AOL Latin America, in which America Online partners Venezuelan group Cisneros.

Under the terms of the deal, Itau's seven million bank customers will be able to access free of charge a customized version of the AOL service.

News source: Advertising Age - International Daily