HSBC reported the sale of its affiliates in Uruguay, Colombia, Peru and Paraguay to the Colombian group Gilinski, an operation involving 400 million dollars, of which 80 million for the Montevideo assets.
Canada’s Scotiabank announced it has closed the transaction to purchase Nuevo Banco Comercial S.A. (NBC), Uruguay's fourth largest private bank in terms of loans and deposits. The acquisition was announced on December 6, 2010. Terms of the agreement were not disclosed.
Bank of Nova Scotia, the Canadian bank that is aggressively expanding its presence in Latin America, is now pushing into Uruguay with the acquisition of private bank Nuevo Banco Comercial and consumer-finance company Pronto, it said on Monday.
Canadian Scotiabank (NYSE: BNS) is close to purchase the US private equity firm Advent’s stakes in Uruguay's third largest private sector bank Nuevo Banco Comercial (NBC) and consumer credit company Pronto!, was reported Thursday in Montevideo.
Nova Scotia bank is close to buying Advent International Corp.’s 54% stake in Uruguay’s Nuevo Banco Comercial, Business News Americas reported on its website.