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UPDATE 1-Citigroup, U.S. Bancorp exit money-losing Brazil card venture

By: Reuters: Company News
SAO PAULO, April 22 (Reuters) - Citigroup Inc and U.S. Bancorp have agreed to sell Brazilian card payment processing joint venture Elavon do Brasil to a local rival for an undisclosed sum, ending months of negotiations to exit the money-losing company.
Related Stocks:
Citigroup U.S. Bancorp
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