Itau in talks to buy Brazil banking unit of Fiat


SAO PAULO, Brazil, Nov 29 (Reuters) - Banco Itau , Brazil's second-biggest private bank, on Friday said it was in talks to buy the Brazilian unit of Italy's Banco Fiat, a unit of Fiat SpA . "We confirm that negotiations are in progress to acquire Banco Fiat," Itau said in a statement. "However, the negotiations have not been concluded." An Itau spokesman said the talks involved the possible acquisition of automaker Fiat's Brazilian unit, which includes a vehicle leasing operation. In ...

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