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Sete Brasil creditors tapping state-backed fund: source

Wednesday, February 17, 2016 - 05:50

Sao Paulo

SETE Brasil Participacoes' creditors, including Banco do Brasil and Itau Unibanco Holding, received 2.68 billion reais (S$940 million) from a government-backed fund and are likely to tap about 1.58 billion reais more, according to a person familiar with the matter.