Acquisition Rumors

Bradesco Enters Exclusive Talks to Buy HSBC Brasil

Date:

Bradesco Enters Exclusive Talks to Buy HSBC Brasil

Author: Fórmate a Fondo

  1. The bid values HSBC Bank Brasil Banco Múltiplo at about BRL 12 billion or US$ 3.75 billion
  2. Slow asset growth prevented HSBC Brasil from gaining scale to win market share, and to gain muscle to ride out a deteriorating economy in Brasil
  3. HSBC would expect to have the sale finalised by August