Sunday, May 13, 2012

BBC News - HSBC sells South American units to Banco GNB Sudameris

BBC News - HSBC sells South American units to Banco GNB Sudameris: "HSBC is selling businesses in four South American countries as it continues a strategy of leaving less promising markets.

Colombia's Banco GNB Sudameris is paying $400m for the HSBC units in Colombia, Peru, Uruguay and Paraguay.

Combined the businesses have 62 branches across the four countries and assets worth $4.4bn."

'via Blog this'

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