Brazil watchdog wants Bradesco to refrain from M&A to approve HSBC Brasil deal

BRASILIA, June 8 (Reuters) - A board member of Brazil'santitrust watchdog Cade recommended to approve Banco BradescoSA's purchase of HSBC Holdings Plc's local unit under certainconditions, including barring the country's No. 3 listed bankfrom buying rivals for at least 30 months.

Cade's seven-member board will vote on the recommendation byJoão Paulo de Resende, also the rapporteur of the Bradesco-HSBCBank Brasil Banco Múltiplo SA deal, later on Wednesday. (Reporting by Leonardo Goy; Writing by Guillermo Parra-Bernal)