BTG Buying Stake in WTorre

BTG Buying Stake in WTorre

Brazil M&A

BTG Pactual is acquiring a controlling interest in Brazilian property development company WTorre’s real estate portfolio. According to local press reports, the deal could be valued for as much as BRL1.8bn. According to WTorre, the developer will separate part of its portfolio into a new company in which BTG will have a controlling interest. The agreement is subject to approval by BTG and WTorre shareholders. WTorre is not releasing details of the transaction. A local newspaper reports that

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial