Brazil investment bank BTG Pactual won approval to enter Uruguay through its $175 million purchase of HSBC local arm, deepening its regional push.
Uruguay · Business
Key Facts
—The clearance. BTG Pactual, Brazil’s largest investment bank, won regulatory approval to start operating in Uruguay.
—The deal. It is entering through its $175 million purchase of HSBC’s Uruguayan business, agreed last year.
—What it buys. The unit covers everyday banking, business lending, and wealth management, plus its staff.
Chegada do BTG Pactual ao país reforça a estratégia do banco de ampliar sua presença na América Latina
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