HSBC Holdings Mulls Sale of Brazil Operations
May 22 2015 - 12:52AM
Dow Jones News
By Joanne Chiu
HSBC Holdings Plc (0005.HK) said Friday it is exploring various
strategic options for its operations in Brazil, including a
potential sale of the unit.
The Hong Kong- and London-listed bank didn't give further
details in a statement.
HSBC has hired Goldman Sachs to gauge the interest of local
prospective buyers including Banco Bradesco SA (BBDC4.BR) and Banco
Santander SA (SAN.MC) for most of its Brazil unit, according to
people familiar with the matter.
Write to Joanne Chiu at joanne.chiu@wsj.com
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