SAN Banco Santander SA

   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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