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* Banco do Estado do Rio Grande do Sul SA, or Banrisul, withdrew the initial public offering of card unit Banrisul Cartões SA's preferred shares due to current market conditions. Banrisul Cartões, which was reportedly valued at about 2.5 billion reais during initial talks with investors, filed for the IPO of its preferred shares in May but postponed the offering in July.
* Banco de Credito e Inversiones SA gained regulatory approval to acquire five business units from Walmart Chile SA. The companies are working to close the deal for the five units, which include Servicios y Administración de Créditos Comerciales Líder SA, Operadora de Tarjetas Líder Servicios Financieros Ltda., Sociedad de Servicios de Comercialización y de Apoyo Financiero y de Gestión Presto Ltda., Líder Corredores de Seguros y Gestión Financiera Ltda. and Servicios y Cobranzas Ltda.
MEXICO AND CENTRAL AMERICA
* Moody's placed most of Banco Azteca SA Institución de Banca Múltiple's ratings on review for upgrade, including the bank's long-term global local and foreign currency deposit ratings of Ba1 and its baseline credit...