BRASILIA, March 2 (Reuters) - Brazil's Senate has agreed to provisionally allow state-run banks Banco do Brasil and Caixa Economica Federal and its subsidiaries to buy stakes in other companies until December 31st, 2018; the measure now needs to be sanctioned by President Dilma Rousseff. The move is a major victory for the Brazilian government, which had been pushing for such an agreement since last year.
Brazil's Senate has agreed to provisionally allow state-run banks Banco do Brasil and Caixa Economica Federal and its subsidiaries to buy stakes in other companies until December 31st, 2018; the measure now needs to be sanctioned by President Dilma Rousseff. The move is a major victory for the Brazilian government, which had been pushing for such an agreement since last year.