The completion of the transaction, which was originally inked on 25 October 2012, will help the bank to strengthen its business in the country.
Further, it will enable the acquirer to deliver on-shore products authorized under Brazilian banking regulations to its existing clients in the energy, commodities and transportation sector.
The transaction has satisfied customary closing conditions and was completed on 31 July 2013 following approval from the concerned regulatory authorities.
Most recently the bank announced that it will discontinue its Curacao based activities and shut down the operation by the end of this year.
