Bradesco Agrees to Buy HSBC’s Brazil Unit for $5.2 Billion

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HSBC Profit Jumps 18 Percent as it Shifts Focus to Asia

Banco Bradesco SA agreed to buy HSBC Holdings Plc’s money-losing Brazil unit for $5.2 billion in cash, its biggest acquisition ever and more than some analysts had estimated. Bradesco’s shares slumped.

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