Brazil’s BTG Pactual Starts Banking in Uruguay After HSBC Buyout

Markets Key Facts —Doors open. BTG Pactual began operating in Uruguay on Monday, July 13, after completing its purchase of HSBC’s local bank. —The price. The full acquisition, covering all share capital plus additional capital instruments, came to about $211 million (roughly R$1.08 billion). —Final clearance. Uruguay’s central bank gave the last regulatory approval in…