Latin America market round up: SG buys Brazilian bank

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Latin America market round up: SG buys Brazilian bank

Société Générale has acquired a 100% stake in Banco Cacique, a Brazilian retail firm specializing in consumer credit with 1,800 employees and about 600,000 active clients. A spokeswoman for SG told Euromoney that the move was not indicative of any plan to rush into Brazil but is rather the targeting of a specific market where strong growth is expected.

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