US EditionHSBC Sells Out Operations in Uruguay to Leading Brazilian Bank
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HSBC sells out operations in Uruguay to leading Brazilian bank
Brazilian bank BTG Pactual has acquired the Uruguayan operations of British bank HSBC for US$175 million, marking BTG Pactual's entry into Uruguay and HSBC's exit from the market as part of its global restructuring strategy. The deal, announced on Monday, includes both equity and additional capital instruments and is subject to regulatory approvals.
BTG Pactual to acquire HSBC operations in Uruguay for $175m
Brazilian bank BTG Pactual has brokered a deal to acquire HSBC’s operations in Uruguay, marking its entry into the Uruguayan market. The deal, valued at $175m, encompasses both equity and additional equity instruments, with adjustments to be made based on changes in equity until the transaction is finalised. At the end of 2024, HSBC operated five branches in Uruguay, with a net worth of $144m and $47m in additional capital instruments, totalling…
BTG Pactual has reached an agreement to acquire HSBC (Hong Kong and Shanghai Banking Corporation) operations in Uruguay for US$175 million. The transaction was announced this Monday (July 28, 2025) and is still subject to regulatory approval. The Brazilian bank, Latin America's largest independent investment institution, seeks to expand its presence in the Uruguayan market, both in retail banking and wealth management. The acquisition will allow…
The BTG Pact announced the acquisition of HSBC operations in Uruguay by US$ 175 million, approximately R$ 973 million, strengthening its international presence and intensifying its operation in Latin America. The Brazilian bank, the largest independent investment institution in the region, will take five agencies and a paper of loans assessed in US$ 1.1 billion. + Read more about the West Economy The operation is for 12% high participation of La…
Operation, which still depends on the approval of regulatory bodies, extends the presence of BTG in Latin America, where banks are already operating in countries such as Mexico, Colombia, Peru, Chile and Argentina
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