HSBC Sells Chile Retail Bank to Itau

HSBC Sells Chile Retail Bank to Itau

Brazil Chile M&A

HSBC has reached an agreement to sell its Chilean retail business to Itau Unibanco. The value of the deal was not disclosed, though Itau is set to gain about $20m in assets and 4,000 clients. HSBC decided to pull out of Chile's retail business less t

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