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      Brazilian banks announced a merger


      consolidation under the terms of the deal, itau's holding company, investimentos itau sa, will own two-thirds of itau unibanco participacoes, which will control itau unibanco holding .
      both itau and unibanco, have seen big falls in the value of their shares, quoted on sao paulo's bovespa exchange, since the start of this year .
      two of brazil's second-biggest banks, itau and unibanco, have announced a merger that will creater the biggest financial group in south america .
      Generated 2008-11-5_12:40


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