BTG Stake Sale Imminent

BTG Stake Sale Imminent

Asia

BTG Pactual is likely to close a 15% stake sale to J. Christopher Flowers, Government of Singapore Investment Corp (GIC) and other investors relatively soon, according to a person familiar with the matter. However, others have expressed surprise at the price, $1.5bn, which has been reported in the press. But the person familiar with the matter describes valuation as among the more reasonable that had been suggested. Flowers and GIC have been reviewing an investment in the Brazilian bank for mont

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