[ADVERT]
Share Name Share Symbol Market Type
Banco do Brasil SA BOV:BBAS3 Bovespa Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.15 0.46% 32.75 32.50 32.80 32.95 32.30 32.78 10,293,300 22:45:00

UBS BB, Banco Patagonia Agree on Argentina Investment Banking Services Partnership

09/02/2021 1:51pm

Dow Jones News


BANCO DO BRASIL ON (BOV:BBAS3)
Historical Stock Chart


From Dec 2020 to Dec 2021

Click Here for more BANCO DO BRASIL ON Charts.
   By Joshua Stein 
 

UBS Group AG said Tuesday that UBS BB Investment Bank has sealed a partnership agreement with Banco Patagonia SA to provide Argentina-based clients with access to investment-banking services and international capital markets.

The Argentine commercial bank is forming the partnership with UBS Trading SAU, a subsidiary of UBS BB. Swiss lender UBS set up USB BB last year alongside Banco do Brasil SA and has a majority stake in UBS BB. The partnership will have one of the most extensive coverage footprints in the country, the companies said.

Clients of the banks will also have more access to M&A and advisory services, international debt and equity capital markets, and a broad global network of corporates and investors, they said.

"This relationship is a natural next step for UBS BB, as we look to grow our coverage footprint and increase our competitive advantage in Argentina and the region more broadly," UBS BB Chief Executive Daniel Bassan said.

The companies said the services offered will be in accordance with applicable regulatory requirements. They didn't disclose financial details of the agreement.

 

Write to Joshua Stein at joshua.stein@wsj.com

 

(END) Dow Jones Newswires

February 09, 2021 08:36 ET (13:36 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

1 Year BANCO DO BRASIL ON Chart

1 Year BANCO DO BRASIL ON Chart

1 Month BANCO DO BRASIL ON Chart

1 Month BANCO DO BRASIL ON Chart
ADVFN Advertorial
Your Recent History
BOV
BBAS3
BANCO DO B..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20211209 10:39:26