Radar > 224007

Scotiabank and Bx+ plan acquisition of HSBC subsidiaries and assets in Latin America

Scotiabank y Bx+ podrían hacerse con activos y filiales de HSBC en Latinoamérica

Intel ID : 224007
Synopsis

Canada-based Scotiabank and Mexico-based Bx+ could acquire HSBC's assets in Latin America, and its subsidiaries in Mexico and Brasil. According to different media sources in Latin America, Scotiabank has CAD 3bn available to invest.

In February 2015, HSBC's general manager, Stuart Gulliver, said that Mexico was among the four most important markets in Latin America. (see related radar)
(content in spanish)

La entidad financiera canadiense Scotiabank y la mexicana Bx+ podrían llevar a cabo adquisiciones de activos de HSBC en Latinoamérica, así como comprar sus filiales de México y Brasil. Según diferentes medios de comunicación latinos, el banco de Canadá cuenta con CAD 3.000m, como capital disponible para salir de compras próximamente.

En febrero de 2015 el director general de HSBC, Stuart Gulliver, había señalado que México estaría entre los cuatro mercados más importantes entre las naciones de Latinoamérica. (Ver radar relacionado).

Seller

HSBC
United Kingdom

Intel ID 224007
Value ND
Native Currency Canadian Dollar (CAD)
Exchange Rate:
Financial Data - Scotiabank
(31 Dec 2013)
Revenue: EUR 18.895,66m
Exchange Rate:
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Country
Website
Description

Bidder

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Seller

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.04 Consumer Finance
25 Financial Services / 25.01 Banking & Investment

Secondary Sectors (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

25.01.08 Investment Banking & Brokerage Services
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.