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Bradesco shareholders approve higher age limit for CEO

Banco BradescoSA said its shareholders approved a proposal to raise the age limit for Bradesco's CEO to 67years from 65 years.

Shareholders also approved a proposal for the company and twoof its units to absorb portions of HSBCBank Brasil SA - Banco Múltiplo's net equity through a partial spinoff.

The bank also said that the board can now have a minimum of 52to 83 officers; however the maximum number of directors allowed was not changedfrom 108 officers.