IRB shareholders file for IPO clearance

Brazilian reinsurer IRB Brasil Resseguros has come a step closer
to listing on the Sao Paolo Stock Exchange with an application to
the Brazilian securities regulator.
In a series of stock exchange filings from the banks that
together own a majority stake in IRB, the reinsurer's
shareholders said they had applied to the Brazilian Securities and
Exchange Commission to float the company.
Banco Do Brasil Seguridade Participações, Itaú
Unibanco and Banco Bradesco, which own a com