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Banco Mercantil de Investimentos' capital hike gets central bank nod

Banco Mercantil de Investimentos SA said Banco Central do Brasil has approved its capital hike worth 60 million reais, according to a filing.

After the capital increase, the bank's stock is now equivalent to about 82 million reais.

As of May 14, US$1 was equivalent to 3.62 Brazilian reais.