Latin America market round up: Advent exits banking assets

Euromoney Limited, Registered in England & Wales, Company number 15236090

4 Bouverie Street, London, EC4Y 8AX

Copyright © Euromoney Limited 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Latin America market round up: Advent exits banking assets

Market sources suggest that Advent, a leading private equity firm, is set to exit from its majority stake in Nuevo Banco Comercial, the second-largest privately owned bank in Uruguay. This follows an agreement to sell NBC to the Gilinski family, who own GNB Sudameris, a small commercial bank in Colombia. The deal will probably be concluded this month.

Gift this article