Announced
Completed
Financials
Sources
Tags
other financial services
banking
Banks
Brazil
Disposal
Private
Completed
Friendly
Acquisition
Single Bidder
Majority
Synopsis
Banco Bradesco, one of the biggest banking and financial services companies in Brazil, completed the acquisition of the Brazilian unit of HSBC for $5.2bn. "The sale of HSBC Brazil represents a significant step in HSBC’s stated goal to optimise its global network and reduce complexity. Based at 31 March 2016, the Transaction was expected to decrease Group risk-weighted assets by around $37bn and increase the Group’s common equity tier 1 ratio by c.65bps," HSBC.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.