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Brazil watchdog's ruling on HSBC unit sale seen as key to dividend payout

Mr Gulliver is counting on the US$5.2b sale of HSBC Bank Brasil Banco MĂșltiplo SA to boost HSBC's main capital ratio and ensure it remains the biggest dividend payer among European banks.


BRAZIL'S antitrust watchdog Cade is due to reveal on Wednesday whether HSBC Holdings Plc can sell its Brazilian unit to Banco Bradesco SA, a decision with big implications for the British bank's chief executive officer Stuart Gulliver and shareholders.

Mr Gulliver is