(Adds quote, background on potential sale)
BUENOS AIRES Oct 14 Argentina's Banco Patagonia
SA plans to open 30 percent of its capital in New York
early next year, two sources with knowledge of the plans said on
Banco Patagonia is 59 percent controlled by Brazil's
state-run lender Banco do Brasil, a stake that would
fall after the share offering but leave the Brazilian bank with
control, the sources said.
One of the sources said the listing is expected in April
2017 to take advantage of investor attention on Argentina since
pro-business President Mauricio Macri came into office last
Banco Patagonia will make a presentation to the U.S.
Securities and Exchange Commission in December, when the share
listing will be made public, the source said.
Sources have previously told Reuters Banco do Brasil was in
the process of hiring banks to advise it on the sale of Banco
Patagonia. The Brazilian lender bought the controlling stake six
years ago as a way of growing its international operations but
now wants to sell non-core assets.
Bloomberg reported earlier on Friday that Banco Bilbao
Vizcaya Argentaria SA and Brazil's Itau Unibanco Holding SA were
among the banks considering acquiring Banco Patagonia for about
$1.5 billion, though the banks declined comment.
Argentine newspaper Cronista reported this week that Chinese
banks were also interested in buying Banco Patagonia.
(Reporting by Buenos Aires newsroom; Writing by Caroline
Stauffer; Editing by Chris Reese and Grant McCool)