Brazilian bank BTG Pactual announced on Monday it agreed to buy HSBC operations in Uruguay for $175 million, the former investment bank’s first foray into a Spanish-speaking nation. Under regulatory approval, the deal, comprising equity and other capital instruments, is expected to close in six to twelve months. This acquisition will massively enhance the Latin [...]
BTG Pactual to acquire HSBC’s Uruguay operations for $175 million in regional expansion push
