Brazil's Itaú to buy partner BMG's stake in payroll credit venture
September 29, 2016 at 22:58 PM EDT
SAO PAULO, Sept 29 (Reuters) - Itaú Unibanco Holding SA agreed on Thursday to buy Banco BMG SA's 40 percent stake in a payroll credit joint venture for 1.28 billion reais ($393 million), confirming the dominance of Brazil's most profitable lender in secured consumer lending.