Bradesco Eyes HSBC Losango Purchase

Bradesco Eyes HSBC Losango Purchase

Brazil M&A Bonds

Bradesco is looking to acquire HSBC’s Brazilian consumer finance arm, known as Losango, as the British bank seeks to divest in LatAm. Bradesco has expressed its interest in the bank, a spokesman for Bradesco says. “We are studying the move and we plan to make an offer.” He declined to comment on any details regarding the amount offered or if any advisors were involved. Officials at HSBC Losango could not immediately be reached for comment. Media reports have cited Bradesco’s deputy chairman sayi

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