BTG Pactual raises funds for retail unit

BTG Pactual raises funds for retail unit

Equity Capital Markets Brazil

Brazil's BTG Pactual said it raised BRL2.65 billion ($486 million) for its digital retail division by selling shares in a follow-on offering on the B3 stock exchange in São Paulo. The bank priced 35.6 million units at BRL74.40 each in a deal coordinated by BTG Pactual itself alongside Bradesco BBI, Itaú BBA and Santander, according to a securities filing from Monday night. Each unit comprised one common share and two preferred shares, making the deal worth BRL24.80 per share, the bank said in th

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