Brazilian financial group BTG Pactual has received final approval from Uruguay’s Central Bank (BCU) to proceed with the acquisition of HSBC’s operations in the country. This approval marks the final regulatory hurdle for the deal, allowing BTG Pactual to begin the closing phase of the transaction. The acquisition includes HSBC’s banking, asset management, and brokerage businesses in Uruguay. BTG Pactual initially agreed to purchase HSBC’s Uruguay operations as part of a broader regional deal. The move signifies BTG Pactual’s expansion into the Uruguayan market and strengthens its presence in Latin America. The bank has not yet announced a specific timeline for the completion of the closing process. This acquisition is expected to consolidate BTG Pactual’s position as a leading financial institution in the region.