UBS Joint Venture Reaches Deal With Banco Patagonia in Argentina
This content was published on February 9, 2021 - 12:30
February 9, 2021 - 12:30
(Bloomberg) UBS BB Investment Bank, a joint venture between UBS Group AG and Banco do Brasil SA for South America, reached a collaboration agreement with Argentina’s Banco Patagonia SA.
The deal includes investment-banking businesses such as merger-and-acquisition advising and debt and equity trading and underwriting, according to the companies. It will provide clients of UBS BB services in Argentina, while Patagonia’s customers get access to international investors, foreign corporates and global markets.
“We are among the five biggest in Argentina local markets, and now we aim to become No. 1 or 2,” Banco Patagonia President Joao Pecego said in an interview.