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SAO PAULO, Aug 12 (Reuters) - Brazil's biggest lender Banco do Brasil approved on Tuesday a partnership with Votorantim Financas to expand its businesses with focus on payroll deductible loans.
Banco do Brasil said in a securities filing that the subsidiary of Banco Votorantim will promote sales. (Reporting by Aluisio Alves; Writing by Alonso Soto; Editing by Chris Reese)