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BTG Pactual Seals Celfin Acquisition

Feb 9, 2012

Brazilian investment bank BTG Pactual has finally closed its much anticipated purchase of Chile’s Celfin Capital in exchange for 2.42% of BTG equity and $245m in cash. The merger creates a firm with $69bn in assets under management and a $28bn wealth management business, the companies say. Currently Celfin has $4.5bn...

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