UBS BB, Banco Patagonia Agree on Argentina Investment Banking Services Partnership
February 09 2021 - 7:51AM
Dow Jones News
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)
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