BTG Adds in Colombia

BTG Adds in Colombia

Brazil Colombia M&A

BTG Pactual has agreed to buy Colombian brokerage Bolsa y Renta, it says, for $51.9m, as the bank continues to spend its IPO funds to expand outside of Brazil. Bolsa y Renta will use part of the proceeds to acquire a 0.25% interest in BTG. The executive team of Bolsa y Renta will stay on as managers of BTG's Colombian operations, BTG says. Bolsa y Renta claims $2.57bn AUM in its wealth management division and $874m AUM in its asset management business. The transaction remains subject to regulato

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