Patagonia Rumored in Play

Shares of Banco Patagonia Thursday gained 4.33% to 3.85 Argentine pesos on the Buenos Aires stock exchange amid speculation that the company is a takeover target, according to Dow Jones. Brazil’s Banco Itau was allegedly interested in buying the bank, the newswire reported, citing TPGC, a broker in Buenos Aires. Patagonia went public in July.