Market Chatter: HSBC Selling Uruguay Operations for $175 Million

MT Newswires Live

2025/07/29

HSBC Holdings (HKG:0005) is selling its operations in Uruguay to Banco BTG Pactual for $175 million, Bloomberg News reported Monday.

The bank's assets include five branches as at end of 2024 with $1.8 billion in total assets and a loan book of $1.1 billion, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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