BTG Pactual Buys HSBC's Uruguay Unit in International Expansion
HSBC had five branches in Uruguay at the end of 2024, and the unit has $1.8 billion in total assets and a loan book of $1.1 billion, according to Rodrigo Goes, a BTG Pactual partner responsible for operations in Latin America. The business had $144 million in equity and $47 million in additional capital instruments held by the HSBC.
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