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.

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.

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